VOV.VN - Vietnam's rubber market share in Taiwan (China)’s total rubber imports during the opening five months of the year witnessed an upward trajectory compared to the same period from last year, according to details given by the Ministry of Industry and Trade.

VOV.VN - Vietnam exported 548,000 tonnes of rubber worth US$923 million during the opening five months of the year, up 58.7% in volume and 94% in value compared to the same period last year, according to the Ministry of Industry and Trade.

VOV.VN - Vietnam exported 486,000 tonnes of rubber worth US$817 million during the past four months of the year, representing a year-on-year increase of 79.6% in volume and 111.6% in value compared to the same period from last year, according to data release by the Ministry of Industry and Trade.

Vietnam's rubber industry needs to develop its production chain to meet the increasing demands of export markets, especially fastidious markets such as Europe and the US, according to experts.

VOV.VN - Vietnam exported a total of 1.36 million tonnes of rubber worth a total of US$1.83 billion to China last year, representing an increase of 17.4% in volume and a rise of 18.1% in value, according to the General Department of Vietnam Customs.

As a bear market for rubber is anticipated in 2021, Vietnamese rubber companies have edged down their profit targets for the year.

Major Vietnamese tyre exporters have not dumped passenger tyres in the US, according to the US Department of Commerce (DOC)’s latest affirmative preliminary anti-dumping duty determinations for passenger vehicle and light truck tires from the Republic of Korea, Taiwan, Thailand, and Vietnam.

VOV.VN - The nation’s rubber exports reached an estimated figure of 1.75 million tonnes in 2020 with a value of USS$2.38 billion, representing an annual rise of 2.8% in volume and 3.5% in value compared to 2019, with the average export price at US$1,362 per tonne, an increase of 0.7% from a year earlier.

Sustainable latex production is important for Vietnam’s rubber industry, and the country should focus on getting rubber plantations to obtain certifications on sustainability, experts have said.

VOV.VN - Vietnam raked in 1.51 million tonnes of rubber worth US$1.99 billion during the opening 11 months of the year, representing an annual increase of 0.4% in volume and a decrease of 1.4% in value, with November seeing rubber exports soar by 15.8% to US$303 million, according to the Import and Export Department.