Hanoi: The Vietnam Rubber Association forecast that the country’s rubber export will hit 11 billion USD in 2025, marking a yearly growth rate of 10%. Rubber prices in the world market are increasing sharply, which help rubber companies gain positive growth in revenue and profits. In January, Vietnam exported about 180,000 tonnes of rubber worth 341 million USD, an 14.5% decrease in volume and a 14.6% increase in value year-on-year.

According to Vietnam News Agency, the increase in global rubber prices is a significant factor contributing to the projected growth in Vietnam’s rubber export. The rise in value despite the decrease in export volume indicates a favorable market condition for Vietnamese rubber companies, allowing them to maintain profitability and support the nation’s export targets. The Vietnam Rubber Association’s forecast reflects optimism towards the market’s ability to sustain this growth trajectory.