A new rubber processing plant worth VND25 billion ($1.19 million) opened its doors last Saturday in the central province of Phu Yen's Song Hinh District.— Photo baophuyen

PHU YEN (Biz Hub)— A new rubber processing plant worth VND25 billion ($1.19 million) opened its doors last Saturday in the central province of Phu Yen's Song Hinh District.

Financed by Phuc Dang Gia Limited Co, the plant, the first ever of its kind in the province, will provide 6,000 tonnes of products annually.

Viet Nam had fetched $1.52 billion from exporting more than 630,000 tonnes of rubber during the past eight months, according to the Ministry of Agriculture and Rural Development.

The exports, despite witnessing a yearly rise of 5 per cent in volume, experienced a decrease of 14.1 per cent in value.

China remained Viet Nam's largest rubber importer, consuming 44 per cent of the country's total rubber export value, followed by Malaysia with 20.5 per cent.—VNS