Rubber industry faces falling export price
The Vietnamese rubber industry enjoyed robust growth in exports but experienced a fall in export prices in the first two months of 2019.
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The Vietnamese rubber industry enjoyed robust growth in exports but experienced a fall in export prices in the first two months of 2019.
The Board of Investment (BoI) of Thailand recently approved five investment projects worth a total of 40.46 billion THB (nearly 1.3 billion USD) during a meeting chaired by Prime Minister Prayut Chan-o-cha, reported Thai media on February 26.
Vietnam earned 220 million USD from shipping 175,000 tonnes of rubber abroad in January, up 10.8 percent in value and 28.9 percent in volume compared to the same month last year.
Vietnam exported about 1.58 million tonnes of rubber in 2018 – worth 2.1 billion USD and up 14.5 percent in volume, but down 6.6 percent in value year-on-year, the General Department of Vietnam Customs reported.
Rubber producers must develop specific risk management strategies, which cover market risks and product legality, in order to avoid getting hurt by the current US-China trade tensions, according to To Xuan Phuc, a senior policy analyst from Forest Trends.
The rubber industry of Vietnam is facing a dire need to better adapt itself to the market situation as it is likely to be affected by the US-China trade tension that is forecast to not end soon.
The 18th edition of the Vietnam International Plastic & Rubber Industry Exhibition (VietnamPlas 2018) kicked off in Ho Chi Minh City on October 4.
The average export price of Vietnamese rubber fell in tandem with the global price, affected by the escalating US-China trade war, according to the Agro Processing and Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development.
Made-in-Vietnam tyres have been rolling in 128 countries and territories worldwide, according to Vice President of the Vietnam Rubber Association (VRA) Vo Hoang An.
The Prime Ministers of Cambodia, Laos and Vietnam (CLV) have reaffirmed their commitment to further deepening comprehensive cooperation among the three countries and building integrated, sustainable and prosperous CLV economies, an indispensable part of the ASEAN Community Vision 2025.
The governor of the Cambodian province of Kampong Thom appreciated Vietnamese rubber companies’ contributions to local socio-economic development while visiting them on March 19.
The Vietnam National Chemical Group (Vinachem) has announced its equitisation and divestment plans for its member companies in 2018.
Ho Chi Minh City’s industrial production was forecast to maintain steady growth in 2018 with the industrial production index (IIP) to rise about 8-8.5 percent against last year.
Vietnamese shares advanced on January 15 as large-cap firms were boosted by positive investor confidence that was looking for opportunities in the earnings season.
Industrial production of Ho Chi Minh City is forecast to see stable growth in 2018, with the index of industrial production index (IIP) to expand by 8-8.5 percent year-on-year.
The 11th meeting of the Joint Coordination Committee on Cambodia-Laos-Vietnam (CLV) Development Triangle Area was declared a success in Vietnam’s southern Binh Phuoc on December 19.
The benchmark VN-Index declined for a second day on December 6, dropping 0.59 percent to close trade at 947.64 points.
The stock market will feature a series of initial public offerings (IPOs) by State-owned enterprises (SoEs), including mega corporations, this year-end.
