HCM City (VNA) – The Associationof Natural Rubber Producing Countries (ANRPC) convened its 10th annual rubber conference in Ho Chi Minh City on October 23.
Themed “Re-engineering Value Chain forRevitalising Production Sector”, the conference sought to help rubber farmersrespond to price changes and boost sustainable development in processing.
The ANRPC comprises of 11 members, namely Cambodia,China, India, Indonesia, Malaysia, Papua New Guinea, Philippines, Singapore,Sri Lanka, Thailand and Vietnam. These countries accounted for about 92 percentof global production of natural rubber during 2015.
According to Tran Ngoc Thuan, GeneralDirector of the Vietnam Rubber Group, Vietnam ranks third in the world in termsof rubber area, with 976,400 hectares.
Last year, the country earned 1.67 billionUSD from exporting 1 million tonnes of natural rubber. -VNA
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The Vietnamese rubber trademark, “Vietnam Rubber”, has been accredited by the National Office of Intellectual Property under the Ministry of Science and Technology.
The Vietnam Rubber Group (VRG) achieved a pre-tax profit growth of up to 51 percent to over 2.36 trillion VND (103.8 million USD) in 2016, heard a conference to review the firm’s production and business in Ho Chi Minh City on January 10.
Although Vietnam is the world’s third largest exporter of natural rubber, businesses still have to import rubber raw material to meet the demand for production and processing.
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It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
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