Rubber industry needs better grip on competitiveness

The structure and types of natural rubber in Vietnam still heavily rely on the Chinese market and only partially meet the needs of other, more finicky markets. — Bloomberg

HO CHI MINH CITY: As the Covid-19 pandemic recedes, Vietnam’s rubber industry faces challenges from both the world market and internal factors that hinder the industry’s competitiveness.

Finicky global markets are extremely competitive and well down the development road, meaning Vietnam needs to catch up to keep pace.