VOV.VN - Vietnam that exports rubber to approximately 80 countries and territories worldwide is poised to capitalise on a global rubber shortage, with the Vietnam Rubber Association (VRA) forecasting significant growth in both export volume and value throughout 2025.

All Vietnam's rubber’s top 15 export markets saw growth in export values in 2024, with Malaysia recording the highest increase, expanding fivefold, followed by Sri Lanka at 3.7 times, according to the Vietnam Rubber Association (VRA).

Chairman of Vietnam Rubber Association Tran Ngoc Thuan and his Lao counterpart Bounthong Buahom have recently signed a Memorandum of Understanding (MoU) on boosting the sustainable development of the rubber industry in the two countries.

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.

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.

The Vietnam Rubber Association (VRA) recently kicked off a project promoting the sector’s compliance with the Vietnam Timber Legal Assurance System (VNTLAS).