» Population- 89 million
» Rubber Consumption – 1.08 million tonnes
» Number of rubber processing units- Around 300
» Projected growth rate- 30%
» Export of rubber – 1 Billion USD
Vietnam – The Preferred Trade Hub Natural Rubber demand of global market and conditions of available land, the government has issued the master plan to reach 800,000 ha of rubber plantations and 1.1 to 1.2 million tons of natural rubber by 2015 or 2020 in the country. The domestic consumption is expected to reach 30% of the natural rubber production by 2030 to develop the end products from natural rubber.
The government has encouraged trade to invest in rubber wood industry, transfer of advanced technology, trade promotion and enhance the capacity of the VRA to support producers, enterprises and its members. RUBEXPO will bring in new technology materials and help manufacturers achieve significant scales of production, reduce costs and increase profitability. The expo will facilitate manufacturing of value added products to boost the sector in particular and economy in general.