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Rubber, along with pepper, coffee, and cashew, is one of Vietnam’s most valued industrial crops. Natural rubber, processed rubber products, and rubberwood furniture account for the majority of the country’s rubber production.
Through free trade agreements that have been signed or are being negotiated by the government, the industry’s chances to extend its export market continue to grow.
The rubber sector in Vietnam has been concentrating on generating natural latex and increasing processing technologies, as well as creating catch-crop and high-tech rubber cultivation.
The Vietnam Rubber Industry accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
In corporate reports, Vietnam Rubber Group stated that its goals include restructuring and greater investment in the rubber business, as well as possible mergers to assist close the value chain for rubber tyres and tube goods.
The company’s current concentration is on cultivating rubber trees and processing latex, as well as rubber wood, manufacturing rubber industrial products, operating industrial parks amid rubber plantations, and high-tech agriculture.
Showa Holdings Co., Ltd. oversees six key businesses, with the rubber business being the first since the company’s inception, with the company’s mid-term management plan aiming for commercial expansion throughout Asia.
Showa Brain Navi Vietnam Co., Ltd, a subsidiary engaged in rubber and entertainment content business, signed a memorandum of understanding (MOU) with PetroVietnam Coating Joint Stock Company on collaboration in the rubber lining sector in Vietnam (PVC).
This is informed that the official signing ceremony was conducted at PVC’s Dong Nai headquarters.
The Vietnam rubber sector has been significantly impacted by the COVID-19 outbreak. The sector has been dealing with a number of issues, such as decreased pricing for rubber goods, supply chain disruptions, and a reduction in demand for rubber products as a result of the global economic slump.
The disruption of the global supply chain is one of the biggest issues the Vietnamese rubber sector is now dealing with. Due to the epidemic, travel bans, border closures, and a slowdown in global trade have all had an impact on the flow of both raw materials and finished goods.
This has caused manufacturing and delivery delays, which have had an impact on the whole sector. The reduction in demand for rubber goods is another significant effect of the pandemic on Vietnam’s rubber sector. Demand for goods and services has decreased as a result of the global economic recession, which has also affected demand for rubber goods like tires and other industrial rubber products.
This resulted in a drop in rubber product prices, which put pressure on the rubber firms’ profitability. It is also challenging for businesses to sustain production levels due to labour shortages and travel restrictions brought on by the epidemic. Due to the need to create safety procedures and supply workers with protective gear, this has also raised expenses for businesses.
All things considered, the COVID-19 epidemic has had a substantial effect on the Vietnam rubber business, influencing supply chain, consumer demand, and profit. To lessen the effects of the pandemic, several businesses have been broadening their product portfolios and looking into new markets as part of their efforts to adapt to the new normal.
Natural Rubber SVR 3L is a high-quality natural rubber product that is well suited for use in manufacturing a variety of items, including industrial goods, footwear, and tires.
High elasticity, outstanding tensile strength, and exceptional tear resistance make this kind of rubber the perfect choice for usage in situations where flexibility and durability are crucial.
Customers all around the globe strongly respect the premium Natural Rubber SVR 3L that Da Nang Rubber JSC makes because it complies with international quality requirements.
A vital raw material for the manufacture of numerous goods, such as gloves, condoms, balloons, and medical equipment, DONARUCO’s natural rubber latex is manufactured. Natural rubber, water, and different proteins are all present in the milky-white liquid known as natural rubber latex, which is obtained from rubber trees.
Before being employed in different applications, the latex is refined and treated to eliminate impurities and boost its purity. High-quality natural rubber latex that satisfies the exacting criteria demanded by producers of gloves, condoms, balloons, and medical devices is produced by DONARUCO.
