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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.
