Vietnam's rubber export remains flat in first half
4/7/2005 15:07
Vietnam exported 176,000 tons of rubber worth US$210 million in the first
half of this year, down 0.5 percent in volume but up 1.9 percent in value
against the same period last year. Thinner domestic supplies, partly caused
by prolonged droughts, has made Vietnamese enterprises fail to meet increasing
demand from their major customers from China, the United States and South Korea,
according to the Vietnam Rubber Association on Monday. Vietnam is expected to
ship abroad 400,000 tons of rubber valued at US$600 million this year, the
association said, noting that the country exported 495,000 tons of the product
worth US$579 million to 46 countries and regions, mainly China, South Korea and
Germany, last year. The country plans to increase its rubber tree acreage to
700, 000 hectares with dried latex output of some 520,000 tons in 2010 from
current 500,000 hectares, and build more rubber processing plants in the coming
years. Besides growing more rubber trees in the central highlands region, the
southeastern region and some remote areas, Vietnam will intensify investment in
raising productivity of existing rubber plantations, renovating ways of
collecting latex, and building new processing plants adjacent to material zones,
the association noted.
Xinhua
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