Vietnam is forecast to earn $2.1 billion from rubber exports in 2012, falling 36.36% from 2011, the Ministry of Agriculture and Rural Development (MARD) said. However, the country is expected to increase the ship volume to 880,000 tons in 2012 from 846,00 tons in 2011, MARD said, adding that the fall in global rubber prices [...]
Vietnam’s rubber export value last year reached a record high of $3.1 billion, with about 800,000 tonnes of rubber exported, according to the Vietnam Rubber Association (VRA). The figure represented an increase of 2.2 per cent in volume and more than 31 per cent in value, said Tran Thi Thuy Hoa, VRA’s general secretary. Speaking [...]
The Laos Government has allowed the Quang Tri Rubber Company of Vietnam to expand its rubber plantations and build another latex factory in the southern Lao province of Salavan. The new decision will help bring the total area of rubber plantations in the province to nearly 10,000 hectares. Once the project is implemented, it will [...]
Dec 24 2011 | Posted in
Rubber & Plastic |
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Japan-based Bridgestone Corporation will build a new plant in Vietnam to produce radial tires for passenger cars. The decision was made as a result of the strong growth in global demand for passenger cars (PSRs), and the total investment in the plant will be $458.5 million. Production at the new plant will begin in the [...]
The export of plastic products is forecast to help the country gain an annual turnover of $1.35 billion, up 35 per cent over last year, according to the Ministry of Industry and Trade. Exports will be directed at mainly the EU, Japanese, Chinese and other Asian markets. On the European market, demand for Vietnamese plastic [...]
The export of plastic products is forecast to hit US$1.35 billion in turnover, up 35 percent over last year, says the Ministry of Industry and Trade. Exports will be directed at mainly the EU, Japanese, Chinese and other Asian markets. European demand for Vietnamese plastic products, especially pipes, remains high. The ministry estimated that the [...]
China accounts for 60% of Vietnam’s rubber export in 10 mths China is the largest natural rubber export market of Vietnam during the first 10 months of this year, the Saigon Economic Times reported. Traders exported over 352,000 tonne of rubber to China for nearly $1.5 billion in the period, accounting for 58-59% in terms [...]
Nov 26 2011 | Posted in
Rubber & Plastic |
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Vietnam’s rubber market last week remained gloomy as exporting to China faced many difficulties along with sharp reduction in global rubber prices, the Saigon Economic Times reported. Compared with November 11, the price of SVR CV last week declined by 600 dong per kilogram while that of SVRL slumped 800 dong per kg. On November [...]
Nov 23 2011 | Posted in
Rubber & Plastic |
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Japan has been the largest importer of Vietnamese plastic products in recent years with the value accounting for 24.7 per cent of Vietnam’s plastics exports. In 2010 alone, Vietnam earned $235 million from shipping plastic products to the Japanese market, up 27.7 per cent compared to the previous year. Total plastics exports are estimated to [...]
Nov 12 2011 | Posted in
Rubber & Plastic |
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There are thousands of tons of natural rubber blocked up at the Mong Cai border gate as China requested their importers to switch to official import system. As the result, the natural rubber import- export activities at Luc Lam-La Phu gate were sluggish during last week with only 100-200 tons traded each day, the Center [...]