Made-in-Vietnam tyres have been rolling in 128 countries and territories worldwide, according to Vice President of the Vietnam Rubber Association (VRA) Vo Hoang An.
Made-in-Vietnam tyres have been rolling in 128 countries and territories worldwide. (Photo: thoibaotaichinhvietnam.vn)
Hanoi (VNA) – Made-in-Vietnam tyres have been rolling in 128 countriesand territories worldwide, according to Vice President of the Vietnam RubberAssociation (VRA) Vo Hoang An.
Last year, the country earned 920 million USD from tyre exports, up 44.2percent from 2016. Local tyre production enjoyed a trade surplus of 564 millionUSD in 2017, doubling the amount gained in the previous year.
Highest export revenue was recorded in the exports of passenger car tyres with591.5 million USD (accounting for 64.3 percent), followed by truck tyres with146.2 million USD (15.9 percent), motorbike tyres with 77 million USD (8.4percent) and bike tyres with 6.4 million USD (6.6 percent).
The top 10 leading tyre exporters in the country included two domesticcompanies: the Southern Rubber Industry Joint Stock Company (Casumina) andDanang Rubber Company (RRC).
Some 424,000 tonnes of rubber were shipped abroad at a value of 620 million USDin the first five months of the year, up 17.4 percent in volume but down 12.4percent in value as compared to the same period in 2017.
China, India and Malaysia are the three largest rubber consumption markets ofVietnam. They make up market shares of 58.1 percent, 7.5 percent and 4.6percent, respectively.
Report from the VRA showed that Vietnam was home to 971,600 hectares of rubberwhich yielded more than 1.08 million tonnes of rubber latex in 2017, accountingfor 8.3 percent of the world’s total production.
Besides rubber products, the rubber sector brought home 2.25 billion USD from theexport of rubber latex and 1.9 billion USD from rubber wood exports.-VNA
The Vietnam Rubber Group (VRG) targets an 8 percent rise in revenues and 33 percent rise in pre-tax profits this year, VRG Deputy General Director Nguyen Tien Duc has said.
Domestic and foreign firms operating in the fields of rubber, paper, coatings and paper ink are displaying their products at international expositions that synchronously kicked off in Ho Chi Minh City on June 13.
Rubber businesses should devise sustainable development strategies to maximise opportunities generated by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), experts said at a workshop in Ho Chi Minh City on June 14.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Made-in-Vietnam tyres have been rolling in 128 countries and territories worldwide.
