Wednesday, April 14, 2004
HO CHI MIN CITY, Vietnam (April 14) - The Vietnam Rubber Corporation has guidance on formula to compose prices for long term and future sale contracts to be applied for rubber exports. Accordingly, the enterprises have a flexible right basis to set up prices of rubber for export. Recently, prices of rubber has slightly increased to $1,459 per ton.
In the first quarter of 2004, the Corporation gained revenue of VND894.3 billion from sales of 46,862 tonnes of rubber.
China has abolished import quota for rubber imported from Vietnam, creating favourable conditions for Vietnam to export more rubber to China. (MH)
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