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Vietnam ranks third in natural rubber production, export

Vietnam currently ranks third globally in natural rubber production and export, according to the Vietnam Rubber Association.
Vietnam ranks third in natural rubber production, export ảnh 1Producing rubber for export (Photo: VNA)

Hanoi(VNA) – Vietnam currently ranks third globally in natural rubber production andexport, according to the Vietnam Rubber Association.

The associationrevealed that in 2017, the country earned 2.3 billion USD from export of 1.4 milliontonnes of natural rubber, up 36 percent in value and 11.4 percent in volume yearon year.

The Vietnam RubberGroup alone produced over 250,000 tonnes of rubber latex and earned revenue of21.38 trillion VND (936 million USD),exceeding the plan by 20 percent. Its pre-tax profit reached over 4.1 trillionVND (179.58 million USD), surpassing the yearly plan by 36 percent. The firmcontributed 1.7 trillion VND (74.46 million USD) to the State budget in theyear, while paying its employees about 7.1 million VND (310 USD) each per monthaveragely.-VNA
VNA
#natural rubber#Vietnam Rubber Association#Vietnam Rubber Group#rubber export#rubber#Vietnam#Vietnam news#Vietnam News Agency
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