Vietnam is South Korea's 4th largest rubber supplier
However, the Vietnamese rubber market share is shrinking here, while the market shares of Indonesia, China, the Philippines, Cambodia, and Singapore tend to increase.
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Foreign arrivals to Viet Nam reached 916,300 in May, bringing the total number to nearly 4.6 million in the first five months of 2023, according to the General Statistics Office (GSO).
Vietnam’s rice exports reached 2.95 million tonnes with a turnover of 1.56 billion USD, in the first four months of 2023, up 43.6% in volume and 54.5% in value.
The southern largest economic hub of HCMC is striving to achieve an annual growth rate of at least 10% in the inflow of remittances during the 2023-2025 period.
However, the Vietnamese rubber market share is shrinking here, while the market shares of Indonesia, China, the Philippines, Cambodia, and Singapore tend to increase.
There remains an ample room for Vietnamese exports to Africa, as the country accounts for only 0.6 per cent of the continent's total import of US$600 billion per year.
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