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The rubber industry has grown quite well

In 2021, despite many difficulties due to the impact of the Covid-19 pandemic, businesses in the rubber industry still achieved good results. Market demand increased along with export prices to the world also reached the highest level in 10 years. It is forecast that the situation of rubber production, processing and export in 2022 will continue to have advantages.


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Processing rubber latex for export at the factory of Dong Nai Rubber Corporation


Rubber export value achieved the highest after 10 years

The Vietnam Rubber Group JSC has just summarized its business plan for 2021, the group's total consolidated revenue is over VND28.5 trillion, approximately 6% higher than the plan; pre-tax profit reached over VND6,100 billion, exceeding 7% of the plan; profit after tax is estimated at over VND5.1 trillion, exceeding 10% of the plan. In particular, rubber exports in 2021 recorded a very important milestone of returning to the level of US$3 billion after 10 years. Specifically, in 2011, due to the record high price of rubber exports, rubber exports surpassed the US$3 billion for the first time when reaching more than US$3.2 billion. After exactly 10 years, thanks to the continuous increase in rubber prices, exports reached US$3.24 billion, up 36.2% compared to 2020. Being the largest unit of the Vietnam Rubber Group, in 2021, Dong Nai Rubber Corporation One Member Limited Liability Company also completed its set plan to exploit more than 25.4 thousand tons of latex 11 days earlier than the plan. At the end of the year, Dong Nai Rubber Corporation has exploited 26.6 thousand tons, exceeding the plan by 4.5%, revenue reached VND2,127 billion, of which revenue from rubber was VND1,570 billion and total profit more than VND420 billion. To achieve that result, the Corporation has launched 2 emulation movements to exceed the output plan, with a total reward of nearly VND3 billion. These two movements are carried out in parallel and have been actively responded by workers throughout the gardens and factories.

In 2021, rubber latex prices also increased by an average of VND10 million per ton compared to 2020. This is also a favorable condition for Dong Nai Rubber Corporation to improve exploitation efficiency and improve income for workers.

Bright prospects in 2022

According to experts' forecasts, the world's demand for natural rubber will increase in the coming time. The easing of restrictions such as the reopening of international borders of some countries and the resumption of more economic activities have significantly contributed to the recovery of consumer demand for rubber in 2022. Therefore, rubber industry in 2022 will still be very bright, selling price will continue to maintain at the high level.

For Dong Nai Rubber Corporation, in order to continue to achieve better results, the corporation consistently implements its development strategy on three pillars: Economy - Society - Environment. At the same time, Dong Nai Rubber Corporation has increased the use of mechanization and applied scientific and technical advances in the rubber trees. In recent years, the use of mechanization has been considered as a key factor, the "key" to determine the productivity and quality of the rubber, save management costs, improve production and business efficiency, increase income for workers. In addition, in the situation of increasingly scarce labor resources for the industry, mechanization of production is also the optimal solution that enterprises are implementing. In addition, the unit also cooperates with universities to train and recruit quality personnel to serve its long-term development goals.

                                                                                                 Van Gia

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