HO CHI MINH CITY (Commodity Online) : Vietnam has decided to increase rubber plantation area to produce more natural rubber next season.
According to Vietnam’s agriculture ministry, Vietnam would grow about 700,000 hectares of rubber trees in 2010 and 800,000 hectares in 2015. In 2009, Vietnam has grown new rubber trees of about 37,000 hectares.
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The Association of Natural Rubber Producing Companies held its annual conference in HCM City on November 4 with the main theme of how to overcome the economic crisis and opportunities for natural rubber products.
In addition to the newly grown rubber trees in traditional areas, at present, many enterprises have grown rubber trees in new areas of Northwest regions and in Laos, Cambodia, South Africa and Myanmar.
In details, there are about 30,000 hectares of rubber trees in Laos and about 2,000 hectares in Cambodia.
Despite the world economic crisis and low rubber price, the country's rubber export turnover has reached approximately $1 billion up to now.
