Tax exemption requested for rubber exports

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HA NOI – The Ministry of Agriculture and Rural Development (MARD) has asked the Ministry of Finance (MoF) not to impose an export tax on rubber coded HS 4001 to encourage exports this year. Bui Ba Bỏáng, MARD’s deputy minister said that under the nation’s rubber development plan to 2015 with a vision to 2020…


Farm export value falls below targets

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Some key farm export products are struggling to reach targets this year due to a lack of raw materials and disadvantages on the world market, the Ministry of Agriculture and Rural Development has said. The ministry has reduced expectations in export value for seafood, coffee and rubber. Export prices on the world market were expected…


Poor management leaves businesses in thirst for rubber materials

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VietNamNet Bridge – Vietnam is well known in the world as the fourth biggest rubber exporter. However, its businesses usually complain that they lack rubber materials for their production. The natural rubber latex prices have been going up and down so far this year. Meanwhile, rubber export turnover in the first six months of the…


Rubber supply growth may slow in third quarter as Vietnam delays tapping

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Natural rubber output in key growing countries will expand at a slower pace in the third quarter as a “severe” leaf disease delays tapping in Vietnam, according to the Association of Natural Rubber Producing Countries. Production from member countries, representing 92% of global supply, may increase 3.4% to 2.77 million metric tons during the July-to-September…


Central Highlands rubber bounces

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Provinces in the Central Highlands have planted rubber trees on more than 64,000ha in the last two years, taking the region’s total area under rubber to 174,720ha, the Tay Nguyen Steering Committee said. Kon Tum, Gia Lai and Dak Lak provinces have the largest areas under rubber. The trees have mostly been planted on infertile…


Rubber Export Likely to Reach US$3 Billion in 2011

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Vietnam Rubber Association (VRA) has announced that the turnover and value of rubber exports in 2010 reached its highest level ever. With this result, rubber surpassed coffee to occupy the second position among the agricultural products export. However, according to experts, Vietnam’s rubber products have not had trademarks prominent in the international market. To learn…


Vietnam, Lao boost cooperation in planting rubber

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Vietnam’s southern province of Binh Duong and Laos Champasak province will step up cooperation in planting rubber trees and technical transfer to increase plantation areas in the next five years. This is part of a nine-point agreement signed between the two provinces’ leaders on June 21 during a Vietnam visit by a high-level delegation from…


Rubber prices bounce back

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The price of SVR 3L, the major rubber variety Vietnam exports, has increased by 3.6 percent to US$488 per ton on the world market in the past two weeks, the Vietnam Rubber Group said. This has boosted the domestic prices of latex by 9.4 percent to VND30000-36000 per liter, it added. The hike in prices…


Temasek to invest $55m into HAG’s rubber sector

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Singapore-based Temasek Group and Hoang Anh Gia Lai Group Joint Stock Co (HAG) have recently signed a principle deal whereby Temasek will invest $55 million in HAG’s rubber industry. Two signatories are discussing terms of a detailed contract which is expected to be finished in June, Vo Truong Son, HAG’s deputy general director in charge…


Vietnamese group plants 100,000ha of rubber

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The Viet Nam Rubber Group (VRG) ‘s four subsidiaries yesterday kicked off a project to plant 100,000ha of rubber trees in Cambodia’s Kratie Province under an agreement between the two countries. The subsidiaries are the Dong Nai Kratie, Dong Phu Kratie, Phu Rieng Kratie and Loc Ninh Kratie companies. Addressing the ceremony, Cambodian Deputy Prime…


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