Vietnam ranks third in natural rubber production, export

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.