Vietnam’s plastic exports are forecast to hit US$1.3 billion, making yearonyear surge of 30%, according to the country’s Ministry of Industry and Trade (MoIT). Export turnover of plastic products was estimated to reach US$840.7 million in the first eight months, up 28% against the same period last year. MoIT predicted that the export would surge [...]
For the last two weeks, Vietnamese rubber exporters cannot sell any kilos of rubber latex to China through the cross-border market. Le Van Xuong, Chief Representative of the Quang Ninh-based Binh Long MTV Rubber Company, confirmed that the rubber trade activities between Chinese businessmen and Vietnamese enterprises remained frozen. Chinese stop purchases to force prices [...]
Vietnam exported 454,000 tonnes of rubber in the first eight months of the year, earning US$1,959 billion, according to the Vietnam Rubber Association. On average rubber was sold at US$4,315 per tonne, up by 58 percent from a year earlier. In August alone, 85,000 tonnes of rubber worth US$356 million were exported at the price [...]
It is the world’s fourth largest exporter despite being a late entrant into the international market. But Vietnamese firms producing tires and needing latex for other production purposes are facing a shortage of the material and having to import it at higher prices. The increased domestic demand has not disturbed the export focus of local [...]
Over 20% of plastic companies had to shut down because of high interest rates, so the issue “how to help the firms overcome current difficulties” was concerned in the recent conference held in HCM City by Vietnam Plastic Association. Ho Duc Lam, Vice Chairman cum General Secretary of VPA said 20% or more than 2,000 [...]
Despite high export growth in recent years, the plastics industry faces a number of difficulties including the need to import 80-85 per cent of raw materials and additives for production. High interest rates on loans, technical barriers set by import countries, and a labour shortage are also slowing down export growth. Speaking at a conference [...]
The Ministry of Agriculture and Rural Development (MARD) has asked the Ministry of Finance (MoF) not to impose an export tax on rubber coded HS 4001 to encourage exports this year. Bui Ba Bong, MARD’s deputy minister said that under the nation’s rubber development plan to 2015 with a vision to 2020 approved by the [...]
Vietnam is well known in the world as the fourth biggest rubber exporter. However, its businesses usually complain that they lack rubber materials for their production. The natural rubber latex prices have been going up and down so far this year. Meanwhile, rubber export turnover in the first six months of the year was still [...]
The price of natural rubber exported to mainland China has decreased by roughly 1,000 yuan (US$ 155) to 31,000 yuan ($4812) per tonne against early July, according to the Viet Nam Rubber Association. The decrease has been attributed to an excess supply of rubber at Viet Nam-China border areas and Viet Nam having increased its [...]
Natural rubber output in key growing countries will expand at a slower pace in the third quarter as a “severe” leaf disease delays tapping in Vietnam, according to the Association of Natural Rubber Producing Countries. Production from member countries, representing 92% of global supply, may increase 3.4% to 2.77 million metric tons during the July-to-September [...]
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