Rubber production network to be formed in Southeast Asia

11:12 | 13/03/2015

VGP – Minister of Agriculture and Rural Development Cao Duc Phat on March 12 held talks with Thai Minister of Agriculture and Cooperatives Petipong Pungbun Na Ayudhya on the establishment of a network of large rubber producers in Southeast Asia.

Photo: VGP/ Do Huong

The Thai Minister hoped that Viet Nam will join the network together with six other ASEAN members of Thailand, Malaysia, Indonesia, Laos, Cambodia and Myanmar. After the network is set up, its rubber output will account for 70% of the global production.

A rubber exchange will be established at each nation.

Viet Nam should join the network to form the market, set up joint price and a regional rubber exchange, the Minister suggested.

Minister Phat revealed that Viet Nam will closely coordinate with Thailand, Indonesia and Malaysia to propose specific activities to the initiative.

By Thuy Dung