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.
The Vietnam Rubber Association (VRA) on November 11 kicked off a project promoting the sector’s compliance with the Vietnam Timber Legal Assurance System (VNTLAS).
Vietnam’s rubber wood and rubber wood products are exported to over 100 nations and territories, said To Xuan Phuc, a senior policy analyst from Forest Trends, a US-based non-profit organisation.
The price of several kinds of lumber in Vietnam had gone up due to scarcity created by unexpected Chinese purchases, creating pressure on the domestic wood business and Vietnam’s wood industry.
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