Established in late 2014, the subject engages in trading rubber latex. About 90% of its products are exported. The subject formerly imported natural rubber from Laos, China, and Cambodia but has stopped importing since the end of 2020 due to the Covid-19 outbreak. In the domestic market, the subject has transactions with companies in the same field such as QUOC VIET RUBBER COMPANY LIMITED, LINH HUONG PRODUCTION TRADING COMPANY LIMITED... in Binh Phuoc province. The related company - MINH LONG RUBBER MANUFACTURING - TRADING COMPANY LIMITED is also a supplier of the subject.In our interview, Ms. Nha - an accountant shared that the subject's business activity was not significantly affected by Covid-19. Its employees still worked online during the social distancing period in the locality.In 2021, China continued to be the largest consumer market of Vietnam rubber. According to the General Department of Customs, in 2021, Vietnam exported to China 1.39 million tons of rubber, worth USD 2.28 billion, up 2.6% in volume and 25% in value compared to 2020; the average export price reached 1,636 USD/ton, up 21.8% compared to 2020. It is forecasted that rubber prices will continue to stay high in 2022.
Headquarters
Group 4, Hamlet 3, Minh Long Commune
Binh Phuoc; South Eastern Vietnam;
Postal Code: 67000
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