Vietnam Rubber Group announced that it will send a delegation to Africa this month to study the rubber growing capacities of countries including South Africa, Uganda and Namibia, Vietnam News Agency reported Tuesday.
Le Quang Thung, general director of the group said that after the study-tour, the group would build a specific plan to invest in rubber plantations in these areas where climates were excellent for growing rubber.
An official of the Ministry of Agriculture and Rural Development said that land was abundant in many parts of Africa. The governments of these countries had offered preferential policies on administrative procedures, land and human resources to develop the agricultural sector.
Last year, Vietnam exported 715,000 tonnes of rubber, worth around 1.4 billion U.S. dollars. Rubber is one of the ten products with an export turnover of over 1 billion dollars in the country
According to the Ministry of Industry and Trade, the country has set a target to export 780,000 tonnes of rubber worth 1.45 billion dollars this year, an increase of 9.1 percent in quantity and 4.1 percent in value compared to last year.
Source:Xinhua
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