The Viet Nam Rubber Group inaugurated its new rubber latex processing plant, worth VND110 billion (US$4.8 million), in the northern mountainous province of Son La on Wednesday.
Viet Nam''s largest latex producer, the Vietnam Rubber Group (VRG),
reported that latex had earned only 4 per cent of the total VND1.2
trillion (US$53.7) profit in H1.
Lien A Co., Ltd, one of the country''s biggest latex mattress and pillow
manufacturers, reported export growth of 43 per cent in the first eight
months of the year.
The Quasa-Geruco joint stock company, a subsidiary of the Viet Nam
Rubber Industry Group (VIRG) operating in Laos, hosted a ceremony in
Savannakhet province on Tuesday to mark the beginning of its first
rubber latex production programme in the country this year.
Rubber trading companies have asked the Ministry of Finance to issue
clearer guidance regarding payment of the value added tax (VAT) on
pre-processed latex.