Vietnam’s rubber production faced many difficulties in 2013, butsouthern province of Binh Duong still reached encouraging results, theBinh Duong online newspaper reported, adding that the sector promiseswell in 2014.
Currently, Binh Duong has more than 130,000hectares of rubber trees, including more than 80,000 hectares from smallplantations.
There are two big rubber companies, namely DauTieng Rubber One-Member Co.Ltd. and Phuoc Hoa Rubber Joint Stock Company(JSC). The two companies have over time gone along with farmers at thelocal small rubber plantations, especially in the task of rubber latexpurchasing.
Their exports will support the development of smallrubber plantations a lot, contributing to ensuring an income source forthe local rubber growers.
In 2013, Binh Duong’s rubber latex export reached more than 270,000 tonnes, a twofold increase in comparison to 2012.
The price of rubber latex saw a continuous fall, due to the natural rubber area on increase.
Therewas an increase in the rubber export, but a reduction in export value,due to the selling price lower than previous years.
One ofimportant elements affecting Vietnam’s export rubber price was thatVietnam’s export rubber industry mainly depends on the Chinese market.It is known that Vietnam’s rubber exports to China account for 45percent of the total exports.
Thanks to sound policies, PhuocHoa Rubber JSC and Dau Tieng Rubber last year maintained their exportsat a high level, thereby fulfilling the set targets. Phuoc Hoa RubberJSC secured 34 million USD in export turnover. This was an impressivefigure in the context that the Vietnamese rubber industry isfacingdifficulties.
Nguyen Van Tan, General Director of Phuoc HoaRubber JSC, said that despite difficulties, the JSC has still maintainedexport contracts with partners in the world. According to him, the JSCwill further maintain and improve its exports in 2014 by trying to meetall requirements from partners; maintain the quality of latex products;listen to partners’ ideas, make coherence with partners; maintain oldpartners and seek new ones.
Dau Tieng Rubber last year maintainedits exports at a high level with a selling price higher than those ofother units. Particularly, the company exported more than 29,000 tonnesof latex to main markets, including Northern Europe, Eastern Europe,Japan, China, Singapore, Taiwan, Malaysia, Australia and New Zealand.
Forthe 2014 plan, the company’s exports will reach 27,000 tonnes. NguyenQuoc Viet, Deputy General Director of the company, said that it overcamedifficulties in 2013 thanks to its good export tradition. The companyalso took measures in production and business, including improving itsquality control system. In 2014, it will further maintain itstraditional partners abroad and take measures to enhance the quality oflatex products at partners’ demand.
It is predicted that theprice of rubber latex will be higher than 2013. The Ministry ofFinance has also issued a circular cutting the export tax rates on bothnatural and synthetic rubber exports.
According to the circular,the export tariff on all rubber exports will be fixed at 1 percent.This means that the tax on synthetic rubber exports is being reducedfrom 5 percent to 1 percent, while that on natural rubber exports willalso be 1 percent from 3 percent previously. This is seen as afavourable condition for Binh Duong’s export rubber industry to reaphigher results in 2014.-VNA
Currently, Binh Duong has more than 130,000hectares of rubber trees, including more than 80,000 hectares from smallplantations.
There are two big rubber companies, namely DauTieng Rubber One-Member Co.Ltd. and Phuoc Hoa Rubber Joint Stock Company(JSC). The two companies have over time gone along with farmers at thelocal small rubber plantations, especially in the task of rubber latexpurchasing.
Their exports will support the development of smallrubber plantations a lot, contributing to ensuring an income source forthe local rubber growers.
In 2013, Binh Duong’s rubber latex export reached more than 270,000 tonnes, a twofold increase in comparison to 2012.
The price of rubber latex saw a continuous fall, due to the natural rubber area on increase.
Therewas an increase in the rubber export, but a reduction in export value,due to the selling price lower than previous years.
One ofimportant elements affecting Vietnam’s export rubber price was thatVietnam’s export rubber industry mainly depends on the Chinese market.It is known that Vietnam’s rubber exports to China account for 45percent of the total exports.
Thanks to sound policies, PhuocHoa Rubber JSC and Dau Tieng Rubber last year maintained their exportsat a high level, thereby fulfilling the set targets. Phuoc Hoa RubberJSC secured 34 million USD in export turnover. This was an impressivefigure in the context that the Vietnamese rubber industry isfacingdifficulties.
Nguyen Van Tan, General Director of Phuoc HoaRubber JSC, said that despite difficulties, the JSC has still maintainedexport contracts with partners in the world. According to him, the JSCwill further maintain and improve its exports in 2014 by trying to meetall requirements from partners; maintain the quality of latex products;listen to partners’ ideas, make coherence with partners; maintain oldpartners and seek new ones.
Dau Tieng Rubber last year maintainedits exports at a high level with a selling price higher than those ofother units. Particularly, the company exported more than 29,000 tonnesof latex to main markets, including Northern Europe, Eastern Europe,Japan, China, Singapore, Taiwan, Malaysia, Australia and New Zealand.
Forthe 2014 plan, the company’s exports will reach 27,000 tonnes. NguyenQuoc Viet, Deputy General Director of the company, said that it overcamedifficulties in 2013 thanks to its good export tradition. The companyalso took measures in production and business, including improving itsquality control system. In 2014, it will further maintain itstraditional partners abroad and take measures to enhance the quality oflatex products at partners’ demand.
It is predicted that theprice of rubber latex will be higher than 2013. The Ministry ofFinance has also issued a circular cutting the export tax rates on bothnatural and synthetic rubber exports.
According to the circular,the export tariff on all rubber exports will be fixed at 1 percent.This means that the tax on synthetic rubber exports is being reducedfrom 5 percent to 1 percent, while that on natural rubber exports willalso be 1 percent from 3 percent previously. This is seen as afavourable condition for Binh Duong’s export rubber industry to reaphigher results in 2014.-VNA
