The Vietnam Rubber Association (VRA) is bullish about the prospects for the rubber industry in 2025, forecasting 10% annual growth in export revenue to over 11 billion USD.

Vietnam’s rubber export value is expected to reach between 3.3-3.5 billion USD by the end of the year, forecast the Vietnam Rubber Association.

Difficulties for Vietnam's rubber export remain in the fourth quarter as the US dollar has entered a bullish cycle as a haven against inflation, said the Ministry of Industry and Trade’s Department of Import-Export Management.

Vietnam exported around 110,000 tonnes of rubber worth 181 million USD in May, up 40.4 percent in volume and 27.9 percent in value against the previous month.

Vietnam’s rubber export revenue is expected to reach 3.5 billion USD in 2022, and rubber price would rise to 3.8 USD per kg in the second half of the year, experts have said.

The scarcity of rubber raw materials is forecast to continue in 2022, and world rubber is entering a new price increase cycle due to the decreasing supply, opening an optimistic picture for Vietnamese rubber enterprises to enjoy the dual benefits in terms of both export volume and value.

Vietnam’s rubber wood and rubber wood products are exported to over 100 nations and territories, said To Xuan Phuc, a senior policy analyst from Forest Trends, a US-based non-profit organisation.

Vietnam currently ranks third globally in natural rubber production and export, according to the Vietnam Rubber Association.

Thailand, Indonesia and Malaysia, the three largest rubber latex producers in Southeast Asia, are discussing the reduction of export in the second half of this year to mitigate impacts from global price plunge.

Vietnam shipped abroad an estimated 193,000 tonnes of rubber for 392 million USD in the first two months of this year.

Vietnam shipped abroad an estimated 193,000 tonnes of rubber for 392 million USD in the first two months of this year, up 25.4 percent in volume and 2.4 times in value year-on-year.