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.

The association revealed that in 2017, the country earned US$2.3 billion from export of 1.4 million tonnes of natural rubber, up 36% in value and 11.4% in volume year on year.

The Vietnam Rubber Group alone produced over 250,000 tonnes of rubber latex and earned revenue of VND21.38 trillion (
US$936 million), exceeding the plan by 20%. Its pre-tax profit reached over VND4.1 trillion (US$179.58 million), surpassing the yearly plan by 36%. The firm contributed VND1.7 trillion (US$74.46 million) to the State budget in the year, while paying its employees about VND7.1 million (US$310) each per month averagely.

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