Vietnam aims for 800,000 - 850,000 ha of rubber by 2030
The Ministry of Agriculture and Rural Development is aiming for Vietnam’s total rubber plantation area to reach some 800,000 - 850,000 ha by 2030, with 100% of rubber latex and wood to obtain planting area codes for product origin traceability.
Many domestic rubber firms are pursuing a green strategy in an effort to reduce waste and verify sustainable forest management certificates to better promote the Vietnamese rubber brand globally.
As many as 21 Vietnamese rubber enterprises have been branded with the trademark “Vietnam Rubber”, which was registered for the protection of intellectual property in China, India, Taiwan (China), Laos, and Cambodia.
Although 2024 is forecast to be a challenging year for the rubber sector, posed by unfavourable weather conditions and unpredictable market development, the Vietnam Rubber Group Joint Stock Company (VRG) is still eying over 4.1 trillion VND (166.6 million USD) in pre-tax profit, up 2.2% year-on-year.
Although 2024 is forecast to be a challenging year for the rubber sector, posed by unfavourable weather conditions and unpredictable market development, the Vietnam Rubber Group Joint Stock Company is still eying over 167 million USD in pre-tax profit, up 2% year-on-year.