Vietnam currently ranks third in the world in natural rubber production and export, according to the Vietnam Rubber Association.
The association revealed that in 2017, the country earned US$2.3 billion from export of 1.4 million tonnes of natural rubber, up 36 % in value and 11.4 % in volume year on year.
The Vietnam Rubber Group alone produced over 250,000 tonnes of rubber latex and earned revenue of 21.38 trillion VND (US$936 million), exceeding the plan by 20 %. Its pre-tax profit reached over 4.1 trillion VND (US$179.58 million), surpassing the yearly plan by 36 %.
The firm contributed 1.7 trillion VND (US$74.46 million) to the State budget in the year, while paying its employees about 7.1 million VND (US$310) each per month on average.
(RJA)
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