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Vietnam Rubber Group eyes Africa
Vietnam Rubber Group (VRG) has announced that it will send a delegation to various African nations this month to study the rubber growing capacities of countries such as South Africa, Uganda and Namibia.
Le Quang Thung general director of VRG said that after the study-tour, the group would build a specific plan to invest in rubber plantations in these areas, as their climates were excellent for growing rubber.
An official of the Ministry of Agriculture and Rural Development said that land was abundant in many parts of Africa, and the governments of these countries had offered preferential policies on administrative procedures, land and human resources to develop the agricultural sector.
Last year, Vietnam exported 715,000 tonnes of rubber, worth around 1.4 billion USD. Rubber still holds third place in the country’s export turnover tables, and is one of the 10 products with an export turnover of over 1 billion USD.
According to the Ministry of Industry and Trade, this year the country has set a target to export 780,000 tonnes of rubber worth 1.45 billion USD, an increase of 9.1 percent in quantity and 4.1 percent in value compared to last year.
VNA
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