Vietnamese firms poised to benefit from global rubber supply shortage
This price increase is expected to enhance revenues for companies in the rubber sector, notably the Vietnam Rubber Group. According to MB Securities, the average price for the group’s rubber is projected to reach VNĐ36.8 million per tonne in 2024, a 14% increase compared to this year. Total consumption is estimated at around 500,000 tonnes, contributing to a revenue projection of VNĐ18.35 trillion ($716.8 million), up 9% from 2023.