Financed by the province-based Dien Bien Rubber JSC, the plant will produce 5,000 tonnes of products annually once operational in 2025.

Delegates attend the plant's opening ceremony on May 22. (Source: nhandan.vn)

Over the past four months, Vietnam shipped nearly 500,000 tonnes of rubber worth 743 million USD, up 6.4 per cent in volume and 14 per cent in value.

China remained the largest consumer of Vietnamese rubber during this time, accounting for 80 per cent of the country's total export volume, followed by India.

The Vietnam Rubber Association forecast that the country's rubber exports are expected to reach between 3.3 billion USD and 3.5 billion USD in value by the end of the year.