Vietnam exports 1.58 million tonnes of rubber in 2018

04:00' PM - Monday, 21/01/2019

In 2018, the Vietnam Rubber Group (VRG) basically completed its targets, in which the total volume of exploited rubber reached 307,108 tonnes of latex, equalling 101.92% of the yearly plan (exceeding 5,788 tons), and total revenue was estimated at VND 22,686 billion, reaching 103% of the plan.

According to the VRG’s report, although the price of natural rubber decreased significantly compared to 2017, Vietnam shipped abroad an estimated 1.58 million tonnes of rubber earning US$2.1 billion in 2018, up 14.5% in volume and down 6.1 times in value against the same period last year.

This information was announced at a conference held by the VRG to outline its tasks for 2019, on January 17. The event was attended by Permanent Deputy Prime Minister Truong Hoa Binh.

The event was attended by Permanent Deputy Prime Minister Truong Hoa Binh

In 2019, Vietnam Rubber Industry Group plans to produce exploited rubber from 320,250 tonnes or more, while the planned consumption volume is 395,000 tonnes and total revenue of roughly VND 18,400 billion

Speaking at the ceremony, Permanent Deputy Prime Minister Truong Hoa Binh congratulated and appreciated the achievements of the rubber industry in general and the VRG over the past year.

Deputy Prime Minister asked the VRG to implement the Party and Government Resolutions, urgently deploy the tasks assigned by the Prime Minister, overcome limitations and select strengths to create a breakthrough in order to successfully implement the 2019 plan.

- VNN -

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