Over 20 firms recognised as “Vietnam Rubber” brands
As many as 21 Vietnamese rubber enterprises have been branded with the trademark “Vietnam Rubber”, which was registered for the protection of intellectual property in China, India, Taiwan (China), Laos, and Cambodia.
Workers of Lai Chau II Rubber JSC tap rubber latex. (Photo: VNA)
HCMCity (VNA) – As many as 21 Vietnamese rubber enterprises have been branded with the trademark “Vietnam Rubber”, which was registered for the protection of intellectual property in China, India, Taiwan (China), Laos, and Cambodia.
Accordingto the Vietnam Rubber Group (VRG), the export of 96 products from 33 factoriesby these enterprises demonstrates the increasing credibility of the brand.
TranNgoc Thuan, Chairman of VRG Board of Directors, Vietnam’s total rubberexport turnover reached an estimated 8 billion USD in the first 11 months of2023, with the largest share held by rubber products, with nearly 3.9billion USD. Following closely, naturalrubber was estimated at around 2.5 billion USD, and rubber wood with over 1.8billion USD.
TheAssociation of Natural Rubber Producing Countries (ANRPC) has predicted that theglobal production of natural rubber in 2023 is projected to reach 14.927million tonnes, up 2.3% year-on-year. Meanwhile, the consumption is anticipatedto be 15.575 million tonnes, reflecting a 0.2% growth compared to 2022.
ღ The Ministry of Agriculture and Rural Development reported that the VietnamRubber Association has developed a project on building and developing Vietnam's rubberbrand in 2015 - 2020 with a vision to2030, which aims to position the brand and image of Vietnamese rubber, thus creatingconfidence among customers./.
As the COVID-19 pandemic recedes, Vietnam's rubber industry faces challenges from both the world market and internal factors that hinder the industry’s competitiveness. Finicky global markets are extremely competitive and well down the road of development, meaning Vietnam needs to catch up to keep pace.
Plastics & Rubber Vietnam 2023, an international plastics & rubber technologies and materials exhibition, kicked off at the International Centre for Exhibition in Hanoi on July 25.
Vietnam posted revenue of 1.89 billion USD from the export of 1.42 million tonnes of rubber during the first nine months of this year. Though volumes increased, there was a year-on-year fall of 17.4% in value.
Many domestic rubber firms are pursuing a green strategy in an effort to reduce waste and verify sustainable forest management certificates to better promote the Vietnamese rubber brand globally.
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Workers of Lai Chau II Rubber JSC tap rubber latex. (Photo: VNA) 
