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  • Written on 14.07.2011 - Industry
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VIETNAM: Rubber exports likely to hit $3 billion in 2011

Source: Daily "Vietnam Business News", Hanoi; 14 July 2011

Vietnam is expected to export about 800,000 tonnes of rubber and earn US$3 billion in revenue in 2011 as its yearly rubber output has increased by about four percent, according to the Vietnam Rubber Association.

Economists predict that rubber prices will not drop to below US$4,000 per tonne as three major rubber manufacturers Thailand, Indonesia, and Malaysia are set to protect their rubber prices and the world demand for natural rubber keeps increasing by 3.8-4 percent.

(Syed Rashid Ali, Karachi, Pakistan)


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