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.

In 2017, Vietnam had nearly 970,000 hectares of rubber.

The Association of Vietnam Timber and Forest Product reported natural rubber materials , rubber products, rubber wood and products are considered the sector’s three key export staples.

In 2017, total export turnover of the three groups of products exceeded 6.4 billion USD, contributing 5.4 percent to the country’s total export turnover.

VNA