Domestic rubber exports surpass $1b, causing trade surplus

Viet Nam's rubber industry has posted a trade surplus, after suffering from deficits for many years, as exports of rubber products exceeded US$1 billion this year.

This information was released by Chairman of the HCM City Rubber and Plastic Manufacturers Association Nguyen Quoc Anh at a recent press conference to introduce a rubber and tyre exhibition to be held in the city.

Domestic rubber exporters can now join the billion-dollar-club, he said, noting that they must also work to improve the quality of their products. Viet Nam has become the fifth largest natural rubber producer in the world, with 910,500 ha of land set aside to grow rubber trees, producing 836,600 tonnes of rubber in 2012, she noted.

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