Business

Work on 2.36 million USD rubber processing plant in Dien Bien starts

The construction of a rubber processing plant, worth 60 billion VND (over 2.36 million USD), began on May 22 in the northern province of Dien Bien province's Hua Thanh commune.

Delegates attend the plant's opening ceremony on May 22 (Photo: nhandan.vn)
Delegates attend the plant's opening ceremony on May 22 (Photo: nhandan.vn)

Dien Bien (VNA) - The construction of a rubber processing plant, worth 60 billion VND (over 2.36 million USD), began on May 22 in the northern province of Dien Bien province's Hua Thanh commune.

Financed by the province-based Dien Bien Rubber JSC, the plant will produce 5,000 tonnes of products annually once operational in 2025.

Over the past four months, Vietnam shipped nearly 500,000 tonnes of rubber worth 743 million USD, up 6.4% in volume and 14% in value.

China remained the largest consumer of Vietnamese rubber during this time, accounting for 80% of the country's total export volume, followed by India.

The Vietnam Rubber Association forecast that the country's rubber exports are expected to reach between 3.3 billion USD and 3.5 billion USD in value by the end of the year./.

VNA
#Dien Bien Rubber JSC #rubber processing plant #Vietnamese rubber #Vietnam #Vietnam news #Vietnam News Agency
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