Hike in prices of rubber wood

From end of 2017, price of rubber wood surge continuously; accordingly, market for the wood in the South East is very competitive.

Hike in prices of rubber wood

According to an expert of wood processing in the southern province of Binh Phuoc, a rubber piece with diameter of 10cm up fetches VND1.4 - VND1.6 million a piece, an increase of 30 percent compared to that in six months ago and three times higher than a few years ago.
Because rubber price in early 2018 decreased, compared to last year, standing at $1,463 a ton, owners of small farms have no profit so many of them have sold out their 6, 7 year rubber farm with low productivity to have money for planting new farms while waiting for price hike.
With price hike of rubber wood, farmers can earn VND800 million for one hectare farm.
Rubber woods are bought by private companies for processing and exports.

By VAN PHONG - Translated by UYEN PHUONG

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).