HCM City (VNA) – The Associationof Natural Rubber Producing Countries (ANRPC) convened its 10th annual rubber conference in Ho Chi Minh City on October 23.
Themed “Re-engineering Value Chain forRevitalising Production Sector”, the conference sought to help rubber farmersrespond to price changes and boost sustainable development in processing.
The ANRPC comprises of 11 members, namely Cambodia,China, India, Indonesia, Malaysia, Papua New Guinea, Philippines, Singapore,Sri Lanka, Thailand and Vietnam. These countries accounted for about 92 percentof global production of natural rubber during 2015.
According to Tran Ngoc Thuan, GeneralDirector of the Vietnam Rubber Group, Vietnam ranks third in the world in termsof rubber area, with 976,400 hectares.
Last year, the country earned 1.67 billionUSD from exporting 1 million tonnes of natural rubber. -VNA
Vietnamese shares advanced on both local trading bourses on March 4 after the previous day’s mixed session as rubber stocks rose on higher rubber prices in global trading.
The Vietnamese rubber trademark, “Vietnam Rubber”, has been accredited by the National Office of Intellectual Property under the Ministry of Science and Technology.
The Vietnam Rubber Group (VRG) achieved a pre-tax profit growth of up to 51 percent to over 2.36 trillion VND (103.8 million USD) in 2016, heard a conference to review the firm’s production and business in Ho Chi Minh City on January 10.
Although Vietnam is the world’s third largest exporter of natural rubber, businesses still have to import rubber raw material to meet the demand for production and processing.
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.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Workers at a rubber plantation (Source: VNA)
