PHNOM PENH, Nov 19 — Malaysia procured 24,800 tonnes of Vietnamese rubber worth US$35.2 million (RM150 million) from January to October 2024 to meet the rising needs of the...
Malaysia spends RM150m on Vietnamese rubber to meet demand as local industries shifts towards product manufacturing
BIMB Securities Sdn Bhd’s equity research analyst Nursuhaiza Hashim said Vietnam focuses on raw rubber production, with large-scale plantations and a growing presence in the global market. “Each of these sectors demands specific types and grades of rubber, further driving the need for imports,” she told Bernama via email today.
The council said the country also procured RM5.93 billion worth of rubber for domestic consumption, and most of the commodity was sourced from neighbouring Thailand.
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