Vietnamese rubber suppliers worry about impact of bouncy Chinese demand
Bouncy Chinese rubber market could smack Vietnamese suppliers,Vietnam's exporters need to look at other markets to ensure profits, local newspaper Vietnam Investment Review said Monday.
China consumes more than 65 percent of Vietnam's rubber exports, but market fluctuations make it difficult to supply, said a representative from the state-owned Vietnam Rubber Corporation.
"The large percentage of rubber exports to China means local rubber exporters face certain risks. When there is a change, though small, in China's policy on the production of rubber or on vehicle tires, there will be immediate changes to the price of rubber imported from Vietnam," he said.
Another local rubber expert, secretary general of the Vietnam Rubber Association Tran Thi Thuy Hoa, said China, the world's largest rubber consumer, had boosted its plan to grow rubber trees and was ready to share its contracts with other rubber suppliers besides Vietnam. "It is also buying rubber from Laos, Myanmar and Cambodia and many other markets," she said.
China will remain Vietnam's key rubber importer in the future, she said, adding that Vietnam is planning to build more rubber processing plants in the coming years and boost rubber exports to European and African markets.
Vietnam, the world's fourth biggest natural rubber exporter, shipped abroad 697,000 tons of rubber, mainly to China, South Korea, Japan, Germany and the United States, totaling nearly 1.3 billion U.S. dollars in 2006, up 18.7 percent and 58.3 percent, respectively, against 2005, according to the country's General Statistics Office.
Source: Xinhua
China consumes more than 65 percent of Vietnam's rubber exports, but market fluctuations make it difficult to supply, said a representative from the state-owned Vietnam Rubber Corporation.
"The large percentage of rubber exports to China means local rubber exporters face certain risks. When there is a change, though small, in China's policy on the production of rubber or on vehicle tires, there will be immediate changes to the price of rubber imported from Vietnam," he said.
Another local rubber expert, secretary general of the Vietnam Rubber Association Tran Thi Thuy Hoa, said China, the world's largest rubber consumer, had boosted its plan to grow rubber trees and was ready to share its contracts with other rubber suppliers besides Vietnam. "It is also buying rubber from Laos, Myanmar and Cambodia and many other markets," she said.
China will remain Vietnam's key rubber importer in the future, she said, adding that Vietnam is planning to build more rubber processing plants in the coming years and boost rubber exports to European and African markets.
Vietnam, the world's fourth biggest natural rubber exporter, shipped abroad 697,000 tons of rubber, mainly to China, South Korea, Japan, Germany and the United States, totaling nearly 1.3 billion U.S. dollars in 2006, up 18.7 percent and 58.3 percent, respectively, against 2005, according to the country's General Statistics Office.
Source: Xinhua
6 comments:
Cambodia must learn to manage their wealth. Why should we pass the buck to the Vietnam? Oversea Cambodians, come on to the rescue if you love Cambodia. Now it is the right time to invest anyways! There are a lot of opportunities now too. Use your skills and experiences to help the country development.
Oversea Cambodians come to the
rescue? WTF?
A vast majority of oversea
cambodians are still living in a
government funded programs, and
they are into gang and booz ...
You got to be out of your mind,
Psycho.
I'll buy 100,000 acres just for a horse back riding. You can work for me to pick up the trash.
That Psycho is from the hell world. He knows only negatives. Soon he will become so if he continues acting like one.
To 7:02AM!
Fuck you motherfucker! The statistic showed that there are more Viet people on government fund than Cambodian people!ahahah
No kidding! Why don't you check it for yourself!!!
This is my advice to oversea Cambodian! This is not the time to do anything in Cambodia!!! I am dying to do same thing in Cambodia but after many many hours of research and contact with Cambodian people, Cambodia is one fucken dangerous place to do business!! AH HUN SEN Vietcong slave couldn't even pass anti-corruption law! There are too many HUN SEN corrupted official factions competing for your hard earn money! Any Cambodian oversea go to Cambodia to do business, AH HUN SEN Vietcong slave corrupted official view them as sucker!! I say if any of AH HUN SEN Vietcong slave corrupted officials ask you for any money first to do business and I say just run as far as you can and don't look back!!! Just run! That what I did and I just run and run and I didn't even look back eversince!!
For me I will do another research around 2010, 2012,and 2014!!!Please be patience...
Yeah, in your rat's hole anything
can happen, but in reality, Viet
do a lot better than oversea
khmer. Viet oversea are doing
so well that they even have a
their own town with name, such as
"little saigon"...
Khmer oversea, on the other hand,
got shits. Actually, the only thing
I ever heard khmer oversee get is
1years to lifetime in prison.
And keep that fucken shits out of
our holly soil. you get it?
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