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

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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.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaThailandVietnam

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 14:40:29 (5 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 376 words

Reading Time: 3 minutes read

Sentences: 10 lines

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Copyright Owner: © Malay Mail

News ID: 23807469

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