Tag Archive for ‘Rubber’

Iranian President visits Vietnam to boost ties

Iranian President Mahmoud Ahmadinejad began a two-day official visit to Vietnam Friday at the invitation of Vietnamese State President Truong Tan Sang, Vietnam News Agency reported. As the highest-level visit made by an Iranian leader since 1995, his trip aims to strengthen cooperation with Vietnam, especially in trade, agriculture, fisheries, culture, sports and tourism. Vietnam and Iran set up diplomatic ties on in 1973. Two-way trade between the two countries reached US$165 million last year and $61 million in the first half of this year. Vietnam mainly exports rice, tea, rubber latex, apparels and footwear to Iran while importing…

Vietnam southern provinces important to trade with Cambodia

More than 50 businesses from Vietnamese and Cambodian districts met in the Mekong Delta province of An Giang to discuss how to improve investment cooperation, expand the market and increase exports into Cambodia . According to Deputy Director of the Dong Nai provincial Department of Industry and Trade, Chau Minh Nguyet, An Giang has been selected as a venue for promoting trade relations with Cambodia as it shares nearly 100 km of border with the country and serves as a goods trading hub in the Mekong Delta region. Representatives of An Giang and Dong Nai provinces presented their socio-economic situation and economic…

Vietnam to be among top three rubber exporters

(VOV) – Vietnam expects to produce 955,000 tonnes of natural rubber by the end of this year, to surpass Malaysia to rank third among the world’s largest rubber exporters. * Rubber strategy gets approval * Rubber exports earn nearly US$2 billion The set target represents a year-on-year increase of 17.6 percent, according to the Association […]

Vietnam’s Natural Rubber Consumption Rises 6% In April-Sept

Natural rubber consumption in the country rose by 6 per cent to 5.02 lakh tonnes in the first half of the current financial year. Its production rose marginally by 1 per cent to about 3.96 lakh tonnes during the same period, according to the Rubber Board data. The country consumed 4.76 lakh tonnes of natural rubber and produced 3.91 lakh tonnes in the 2011—12 fiscal. Natural rubber import rose by 24 per cent to 1,12,640 tonnes in the April—September period of 2012—13 fiscal from 91,186 tonnes in year—ago period, while exports fell by 59 per cent to 7,466 tonnes from 18,083 tonnes in the same period. In September 2012, the consumption of natural…

India’s Natural Rubber Imports Double In October

India’s natural rubber imports more than doubled in October from last year’s level to 18,326 tonnes as tyre-makers took advantage of lower prices overseas than in domestic markets, the state-run Rubber Board said on Wednesday. Imports in the first seven months of the financial year that started on April 1 amounted to 130,966 tonnes, up […]

Vietnamese Tire And Inner Tube Makers In Tougher Competition

As the competition in the local tire and inner tube market gets fiercer, local manufacturers now find it really difficult to fight for their shares with foreign-invested companies using higher technology, a local industry source said. Nguyen Quoc Anh, chairman of the HCMC Rubber and Plastics Association, told a conference in HCMC on Wednesday that […]

Vietnam’s Troubles Take a Toll on Chinese Exporters

Vietnam’s economic slowdown is proving a tough hurdle to overcome for mainland Chinese and Taiwanese plastics industry exporters, although some of them say they continue to see long-term potential there. Chinese and Taiwanese firms outnumbered exhibitors from everywhere else at the recent VietnamPlas show in Ho Chi Minh City, but there was cautious tone among […]

HCM City to host tyre, rubber conference

HCM CITY (VNS)— The first international rubber and tyre industry exhibition to be held in HCM City next April will provide a forum for domestic and foreign firms to compare notes and explore business opportunities. Products to be displayed at Rubber and Tyre Vietnam 2013 will include the latest equipment and technologies used in the industry, various kinds of tubes and tyres, and products and services related to the rubber, rubber materials, rubber chemicals, and testing-equipment industries. Conferences and seminars would be held to discuss the future development of the industry, Nguyen Ba Vinh…

CSM: Discloses 7th Changed Business Registration Certificate

Southern Rubber Industry JSC. (CSM) announced its new business registration certificate changed for the 7th time on August 14 as follows: The firm, with a charter capital of VND522.5 billion, specializes in producing and trading industrial and consumer rubber products; trading materials, chemicals, rubber industry equipment; and real estate. Its founding shareholders include Nguyen Ngoc Tuan holding 18.11 percent stake, Pham Hong Phu owning 0.1 percent stake, Tran Van Tri holding 0.19 percent stake and 875 others with 17.11 percent stake. Its legal representative is CEO Pham Hong Phu. The firm has three branches in Ho Chi Minh…

Vietnam Business Briefs November 07, 2012

* Saigon Shipping Joint Stock Company (SGS) announces that its Saigon Queen ship, with a crew of 22 on board, sank off Sri Lanka October 30. The firm said that eighteen crewmembers have been rescued while the four others, including the captain, remain missing, adding that the current value of the ship reached VND73.5 billion. * FLC Group JSC (FLC) will transfer its all 5 million shares in FLC Securities JSC to individuals who want to buy until November 11 at the price not lower than VND4,600/share, the firm said in its resolution of Board of…