Vietnam earns 1.7 billion USD from rubber exports in eight months

Saturday, 21/09/2024 18:41
Rubber exports of Vietnam reached 1.7 billion USD in the first eight months of 2024, the Vietnam News Agency quoted statistics.
A worker extracts rubber latex. Vietnam exported about 1.12 million tonnes of rubber worth 1.76 billion USD during the first eight months of 2024. (Photo: VNA)

With this result, the whole year's turnover is forecast to hit 3 - 3.5 billion USD, equivalent to an increase of 200 - 400 million USD compared to last year.

The export volume stood at 209,726 tonnes in August to bring home nearly 345 million USD, up 12.7% in volume and 12% in value compared to the previous month, according to the General Department of Customs.

The average export price was 1,637 USD per tonne, falling about 1.1% month-on-month but rising some 26.8% year-on-year.

During the first eight months, about 1.12 million tonnes of rubber worth 1.76 billion USD was shipped abroad, down 7.2% in volume but up 8.4% in value year-on-year.

The country currently has a latex output of 1.3 million tonnes per year from 910,000 hectares of rubber plantations, reported the Vietnam Rubber Association.

Every year, more than 300,000 tonnes of rubber are used in processing and manufacturing, leaving a large amount of raw material for export. This has opened up considerable export potential for the local industry, especially in the context of possible global supply shortages in the 2024 - 2025 period.

Vietnamese in Japan, Canada send aid to typhoon victims back home

Vietnamese people in Japan and Canada have provided support to people at home who were affected by Typhoon Yagi, said the Vietnam News Agency.

The Union of Vietnamese Associations in Japan on September 20 announced that it and the Vietnamese Embassy there have raised over 3.6 billion VND (146,000 USD) to support Yagi victims.

Representatives from Vietnamese Embassy and associations in Japan at the meeting to review
the donation campaign to support typhoon victims. (Photo: VNA)

Speaking at an event held on September 20 to review the campaign, Nguyen Duc Minh - Charge d'Affaires of the Embassy - affirmed that the support shows the solidarity, tradition of sharing, sentiments and responsibilities of overseas Vietnamese people.

Nguyen Hong Son, Chairman of the Union of Vietnamese Associations in Japan said individuals and organisations pay much attention to the campaign. Representatives of some Vietnamese associations in Japan have been directly participating in relief activities in localities in Vietnam, Son said.

Meanwhile, on the occasion of the 79th National Day, the Vietnamese Embassy in Canada on September 20 launched a campaign to support Yagi victims.

Parliamentary Secretary to the Canadian Minister of Foreign Affairs Rob Oliphant speaks
at the event. (Photo: VNA)

At the event, Parliamentary Secretary to the Minister of Foreign Affairs Rob Oliphant announced Canada's aid of 560,000 CAD (over USD 412,000) to support people in Vietnam's northern localities to overcome the losses.

Meanwhile, the Vietnamese community in Canada has raised 3,800 CAD and 193 million VND in support of the victims, while the Vietnam-Canada Business Association also pledged 10,000 CAD. The association's Vancouver chapter is also organising additional fundraisings.

2024 Do Son buffalo fighting festival held

The 2024 Do Son Buffalo Fighting Festival was held on September 21 or the 19th of the lunar August instead of the 9th, as the host Do Son district is among the localities in Hai Phong city hardest hit by Typhoon Yagi, according to the Vietnam News Agency.

A total of 16 buffaloes from six wards joined the competitions at the traditional festival.

In his opening speech, Tran Khac Kien, Chairman of the People’s Committee of Do Son district, emphasised the cultural significance of the festival.

A total of 16 buffaloes join the 2024 Do Son Buffalo Fighting Festival. (Photo: VNA)

It said the festival is a long-standing tradition linked to the worship of water deities and sacrificial rituals. It reflects the bravery and martial spirit of the local coastal people as they strive to conquer nature and master the seas, praying for favourable weather, abundant harvests, and prosperity.

Having been restored and developed over the past 35 years, the festival has grown in both size and quality, while preserving its original folk elements and cultural values. In 2012, the Ministry of Culture, Sports and Tourism recognised it as a National Intangible Cultural Heritage.

UN humanitarian affairs body provides 2 million USD to Vietnamese storm victims

The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) on September 20 announced that it has allocated 2 million USD to support Vietnam in carrying out efforts to respond to Typhoon Yagi, which struck the country on September 7 and caused widespread devastation with more than 290 deaths and 237,000 homes damaged, and some 3 million people affected, the Vietnam News Agency reported.

Acting Emergency Relief Coordinator Joyce Msuya said in a statement that the aid from the Central Emergency Response Fund (CERF) aims to kickstart the humanitarian response in support of the Vietnamese Government's efforts.

Mobile police clean up mud and houses for flood-hit people in Phuc Khanh commune, Bao Yen district, Lao Cai province. (Photo: VNA)

The funding will go to the International Organisation for Migration, the UN Development Programme, and UNICEF to meet immediate life-saving needs in the worst affected provinces of Yen Bai and Lao Cai.

The CERF-funded response will focus on emergency shelter and water, sanitation, and hygiene assistance focusing on communities with high levels of pre-existing vulnerabilities to meet the needs of the people hardest hit by this disaster, said the statement./.

Compiled by BTA

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