Vietnam exported 23,510 tonnes of rubber worth 41.87 million USD to the US in the first 7 months of 2021, up 61 percent in volume and 92.3 percent in value year-on-year.
Hanoi (VNA) - Vietnam exported 23,510 tonnes of rubber worth 41.87 million USD to the US in the first 7 months of 2021, up 61 percent in volume and 92.3 percent in value year-on-year.
♏ According to the Ministry of Industry and Trade’s Export -Import Department, Vietnam became the 11th largest rubber supplier of the US in the period, accounting for 2.2 percent of the US’s total imported rubber, up slightly from 1.5 percent in the same period last year.
Notably, Vietnam is the fourth largest supplier of natural rubber to the US with 23,460 tonnes worth 41.65 million USD, up 60.8 percent in volume and 92.9 percent in value over the same period of 2020.
🍸 According to statistics of the United States International Trade Commission, the US imported 1.09 million tonnes of rubber with a total value of 2.19 billion USD in the period, a year-on-year increase of 12 percent in volume and 27.6 percent in value. Indonesia, Thailand, Canada, the Republic of Korea and Ivory Coast were the largest suppliers of the product to the US./.
The total export value of agro-forestry-fishery products in the first five months of the year reached 15.6 billion USD, a year-on-year surge of 9.9 percent, according to the Ministry of Agriculture and Rural Development.
With rapid growth in both planting area and production, Vietnam has become the world’s third largest natural rubber exporter, accounting for about 8.1 percent of the world’s total rubber production.
Vietnam's rubber exports fell in May due to China’s changing policies and fears over the US-China trade war, a representative of the Vietnam Rubber Group (VRG) has said.
Rubber exports in the first seven months of this year rose in both volume and value, according to the import-export Department under the Ministry of Industry and Trade.
Vietnam exported 486,000 tonnes of rubbers worth 817 million USD in the first four months of 2021, up 79.6 percent in volume and 111.6 percent in value compared to the same period last year, according to the Ministry of Agriculture and Rural Development.
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Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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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.
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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.
At Quang Tri Rubber Co., Ltd (Photo: VNA) 
