Malaysia spends RM150m on Vietnamese rubber to meet demand as local industries shifts towards product manufacturing

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Malaysia spends RM150m on Vietnamese rubber to meet demand as local industries shifts towards product manufacturing - Malay Mail

Quick Summary:

PHNOM PENH, Nov 19 — Malaysia procured 24,800 tonnes of Vietnamese rubber worth US$35.2 million (RM150 million) from Jan...

Vietnam’s Agriculture and Rural Development Ministry has set a target to expand the rubber plantation area to 800,000- 850,000 hectares by 2030.

BIMB Securities Sdn Bhd’s equity research analyst Nursuhaiza Hashim said Vietnam focuses on raw rubber production, with large-scale plantations and a growing presence in the global market.