A meeting in Hanoi on January 17 held by the Vietnam Rubber Group revealed a decreasing volume of rubber exports. About 1.09 million tons of rubber was exported in 2013, an 11.7 percent decrease compared to 2012.
The profit was VND3 trillion (US$141 million), almost half of estimated profit. The original estimate was US$2.52 billion, an increase of 6.7 percent since 2012.
The Group expects to maintain stable growth and expand the current farming area to 420,000 hectares and produce 265,000 tons.
The total area of rubber farms is currently 392,239 hectares, 9 percent larger than in 2012. It provides 266,834 tons of raw rubber and meets national target of 101.5 percent.
I highly appreciate the stable growth, structure and international cooperation during the difficulties in 2013, said Deputy Prime Minister Hoang Trung Hai. He has asked the Group to coordinate with the Vietnam Rubber Association to launch a campaign to standardize seeds, cultivation, processing and distribution of Vietnamese rubber.