According to the Ministry of Agriculture and Rural Development, in 2021, thanks to the continuous increase in rubber prices despite the global COVID-19 pandemic, Vietnam’s rubber exports only increased by 11.7% compared to 2020, but export turnover was estimated at 3.24 billion USD, up 36.2% compared to 2020.
According to rubber experts, Vietnamese rubber has been present in more than 80 countries and territories around the world, ranking third globally in terms of export value. The success of Vietnam’s rubber industry in the past year has come from the fact that Vietnamese rubber has penetrated deeper and deeper into important markets.
A representative of the Vietnam Rubber Association shared that rubber is always in the group of key export agricultural products, accounting for a significant proportion of the total export turnover of Vietnam’s agricultural products. In particular, many products such as tires, gloves, rubber gaskets processed from the rubber... have accounted for a large proportion of the export turnover of the rubber industry.
For example, in 2021, the Vietnam Rubber Group alone provided 402,900 tons of exploited rubber latex, reaching 106% of the plan, an increase of more than 30,000 tons compared to 2020, purchasing over 90,500 tons, 28% higher than the plan; consumed over 490,000 tons, 7% higher than the plan.
The Group has 15 member companies that have developed a sustainable forest management plan on 200,925 hectares (accounting for 69.7% of the Group’s total rubber area in Vietnam); in which, 12 companies were granted certificates of sustainable forest management according to national and international standards (VFCS/PEFC-FM) on 70,030 hectares of rubber and were granted international certificates of PEFC-CoC for 22 rubber latex processing factories.