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Vietnam exported 1.12 million tons of rubber worth US$1.76 billion in the first eight months of 2024, customs data show. This marked a 7.2% year-on-year decline in volume but a 8.4% growth in value from the same period last year, according to the General…
Vietnam exported 499,000 tons of rubber for $743 million in the first 4 months of this year, up 6.4% in volume and 14% in value. China remained the largest consumer of Vietnamese rubber, accounting for 80% of the country’s total export volume, followed by…
Vietnam exported 757,600 tons of rubber for over US$1 billion to China in the first seven months of this year, accounting for 99.8% of its total rubber exports. Vietnam is China’s second largest rubber supplier after Thailand. Its shipments to China were up…
Kim Kardashian’s underwear label Skims plans to open its first permanent stores next year as it plots retail expansion in the US and abroad. Skims is set to debut its first flagship store in Los Angeles in the first half of 2024, followed by a second opening…
Rubber companies in Vietnam are facing a cloudy profit prospect for the remaining months as global demand falls and input costs surge. Vietnam Rubber Group expects profit to flatten at VND5.34 trillion ($225.13 million) this year and revenue to rise a mere…
The Vietnam Rubber Group (GVR) expects revenues to rise by 5 percent year-on-year this year, but estimates profit will stay unchanged due to rising costs. Its overheads, including wages, fertilizer, logistics and electricity, have been surging, board member…
Many rubber companies reported higher profits in the fourth quarter of last year as export prices rose sharply. The Vietnam Rubber Group Joint Stock Company’s gross profits were up 27 percent year-on-year to VND2.1 trillion on revenues of VND7.46 billion…
Rubber prices have soared by 30-50 percent this year, driving up profits for companies in the industry by triple digits in Q3. Subsidiaries of the Vietnam Rubber Group such as Daklak Rubber JSC, Tan Bien Rubber JSC, Ba Ria Rubber JSC, Phuoc Hoa Rubber JSC,…
A 150 percent hike in rubber prices has sharply increased profits for the sector and pulled many companies out of the red. Vietnam Rubber Group reported a 182 percent year-on-year increase in net profits to VND2.4 trillion ($103.4 million) on revenues of…
Prime Minister Nguyen Xuan Phuc has called for a report on potential fraudulent activity at the state-owned Vietnam Rubber Group (VRG) after government inspectors discovered misuse of state capital and assets at the group three years ago. The Ministry of…
Sri Trang Agro-Industry, the world’s largest producer of natural rubber, plans to increase annual capacity by 20% to 2.9 million tons by year-end to take advantage of a market recovery. The company accounts for about 30% of output in its home market of…
North Sumatras rubber exports in the year to August 2016 plunged 20.84 percent compared to the same period last year. “By August 2016, North Sumatras rubber and rubber product exports fell to US$633.996 million from US$800.864 million in the same period last…
Michelin said ahead of an investor day on Monday that it aims to increase tyre sales by 20 percent by 2020, pledging to outpace the growth of the market. The group also said it aimed to double services and solutions revenue to 2 billion euros ($2.27 billion)…
North Sumatras exports of natural rubber has continued to shrink, down 8.23 percent in volume to 137,826 tons in the first four months of the year from 150,194 tons in the same period in 2015. “The decline in exports was on weak demand and as a result of an…
Vietnam will join worlds largest natural rubber producers to cut exports in a bid to shore up the shrinking price of that commodity. Vietnam will follow Thailand, Indonesia and Malaysia to cut its imports of natural rubber by 15 percent starting March 1 until…
The world’s three largest rubber producing countries Indonesia, Thailand, and Malaysia, have agreed to start reducing rubber exports. As members of the International Tripartite Rubber Council (ITRC), the three countries decided on this policy to boost rubber…
