Vietnam Expects 20 per cent Rise in Rubber Export Revenue in 2010
Vietnam may export 900,000 tons of rubber with total revenue of US$2 billion in 2010, a rise of 20 per cent against 2008, according to the Vietnam Rubber Group (VRG).
The group said the country exported 586,000 tons of rubber to 45 countries and territories worldwide last year, earning worth US$1.6 billion.
China was the biggest importer of Vietnamese rubber with total spending hitting more than US$966 million in the first eleven months of 2008, followed by Germany and South Korea with US$60.4 million and US$59.7 million, respectively.
With nearly 600,000 hectares under rubber plantation as of early 2008, the country now ranks sixth in the world in terms of area, fifth in terms of production output, third in productivity, and forth in export revenue. (Vietnam & World Economy)
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