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 23Apr2007 Vietnam PM Asks for Further Rubber Sector Development

The Prime Minister Nguyen Tan Dung has urged the rubber sector to further develop by expanding rubber growing area and improving competitiveness, to sharpen its important role in the country’s economic development.
Accordingly, the PM wanted Vietnam’s total rubber plantation area to increase to one million hectares by 2015, doubling the current area.
Speaking at the inauguration ceremony of the Vietnam Rubber Group (VRG) on April 22, in Ho Chi Minh City, the PM said VRG has to develop rubber in large quantities at high quality, to complete its operational model and become a strong group able to compete in the world market.
PM Dung also praised Vietnam Rubber Corporation’s comprehensive development and great efforts to expand cultivation area, improve rubber quality and create jobs for local people, especially ethnic minority people, in the past 10 years.
The corporation has provided jobs for 83,000 people, including 10,000 ethnic minority persons.
The establishment of the Vietnam Rubber Group marks the growth of the Vietnam Rubber Corporation,” Dung stressed.
The Ministry of Agriculture and Rural Development, for its part, has to combine forest re-planting with rubber development.
He also asked the group to improve its staff training, party building and political system at a grassroots level. He also expressed hope that over 80,000 cadres and workers will unite for the corporation’s development, actively contributing to the country’s modernization and industrialization.
At the ceremony, VRG general director Le Quang Thung said the group has carried out planting more 100,000ha of rubber in central highlands and central coastal provinces; 100,000ha in Lao and 100,000ha in Cambodia.
The group is striving to process around 320,000 tons of rubber, with SVR 3L accounting for 40 per cent, and latex for 25 per cent, in 2007. The total processed rubber output is expected to increase to 440,000 tons in 2010.
The Vietnam Rubber Group includes 80 subsidiary companies, 22 state-owned enterprises, and over 50 enterprises operating under the Enterprise Law. Around 13 companies have been established to invest abroad.
Rubber is one of key agricultural product exports of Vietnam, others include coffee, rice, woodwork, pepper, and cashew.