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Expanding rubber plantation overseas

In Vietnam Economy on March 9, 2010 at 8:51 am




Expanding rubber plantation overseas


QĐND – Monday, March 08, 2010, 21:7 (GMT+7)

The Vietnam Rubber Group will accelerate planting rubber trees in Laos, Cambodia, Myanmar and South Africa in the near future.


Currently, the group is managing 160,000ha of rubber with an output of nearly 300,000 tonnes per year. The group aims to exploit around 520,000ha of rubber trees in 2020.


By 2020, Vietnam aims to export around 1 million tonnes of rubber, and become of one of the world’s leading rubber exporters.


Last year, the group earned nearly US$1 billion from exports and US$200 million from profits.


Source: CPV/ VOV


Source: QDND

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