There is deep competition in rubber latex trading in Vietnam as national standards for such materials are still developing, photo Le Toan The global rubber price is expected to see an upward trend in the second half of next year and may hit $2.45 per kilogramme as early as 2022. Particularly, as one of the most commonly traded commodities, rubber is envisaged to gradually gain, depending on actions taken by the next US administration in fighting economic slowdown next year. Furthermore, a rebound from the Chinese manufacturing industry and a pick-up in automobile sales are also viewed as an impetus for the rubber sector. Currently, Danang Rubber, Sao Vang Rubber, Southern Rubber Industry JSC (Casumina), and Inoue Rubber Vietnam are four major players in the local market, in all of which state-owned Vietnam National Chemical Group (Vinachem) has the ownership. State-run Vietnam Rubber Group (VRG) has also made a big splash by announcing its efforts to strike up deals with Vinachem’s subsidiaries. At a recent meeting with the Committee for Management of State Capital at Enterprises, VRG announced it is considering investment in tyre and tube production via mergers and acquisitions (M&A) with brands of Vinachem. The move will help… Read full this story
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