Sunday, October 6, 2024 10:16:17 PM - Markets open
VN-INDEX 1,270.60 -7.50/-0.59%
HNX-INDEX 232.67 -0.68/-0.29%
UPCOM-INDEX 92.37 -0.31/-0.33%
Rubber industry implements green growth to promote exports
vietnamnews - 9/30/2024 9:29:15 AM
 (0 ratings. You must sign in to rate.)
From QR codes on products to re-using water at factories, many rubber companies are applying green credentials in order to secure export orders and also cut costs.
 
 
Packing processed rubber products. The export markets now have many requirements on environmental protection for Vietnam's rubber export products. — VNA/VNS Photo
 
Green growth and sustainable development are now inevitable trends for Vietnamese rubber enterprises to increase exports and competitiveness in export markets.
 
Those markets, especially in Europe and America, now have many requirements related to environmental protection for Vietnam's rubber export products.
 
In addition to the green growth strategies within rubber processing and exporting enterprises, they also take responsibility for guiding smallholders to also carry out green development.
 
The Vietnam Rubber Group has launched a green growth strategy, applied from rubber plantations to processing factories, for the group's member enterprises.
 
To secure long-term export contracts, Phuoc Hoa Rubber JSC must plant and process rubber according to specific procedures to maintain product quality, according to general director Nguyen Van Tuoc.
 
In addition, the company prints QR codes on its products to help customers trace the origin and verify the green raw materials of rubber plantations. The company also supports rubber smallholders in implementing green production.
 
Phuoc Hoa Rubber has also set green production criteria for rubber smallholders to develop a sustainable production chain. The company will support funding for smallholders to meet these green criteria.
 
By 2050, the company will aim to complete its green development strategy.
 
Phú Riềng Rubber Co, Ltd in Bình Phước Province, has also approached the criteria for sustainable forest development, according to Phú Riềng Rubber chairman Le Van Doanh.
 
As of 2023, ten out of 12 of the company's rubber farms achieved sustainable forest certification while the company continues to implement green production regulations, significantly improving the quality of its rubber products.
 
For companies involved in producing rubber products, sustainable development is the top criterion to expand export markets, particularly to demanding markets such as Europe, the US and the UK.
 
In these export markets, raw materials must ensure traceability and be produced and managed according to international standards.
 
In addition, operating a rubber latex processing factory or a rubber wood processing factory requires a large amount of energy, so the companies are being encouraged to reuse treated water and use solar energy.
 
Nguyen Danh Khuong, deputy general director of Đồng Phú Technical Rubber JSC, said that in recent years, Đồng Phú has been producing green products using power from a rooftop solar system.
 
In Nam Tan Uyen and Bac Đong Phu industrial parks, processing plants have been invested and managed by rubber companies, with strict implementation of environmental criteria. They are specifically re-using water, so called brown water, after it has being treated, for secondary activities in the factory and workshops.
 
Meanwhile, general director of Thuan An Wood Processing JSC Le Thi Xuyen said that to ensure export, products must meet requirements related to labour safety and the working environment.
 
Every year, European customers require the company to evaluate and report on compliance with standards related to labour safety and working environment.
 
The rubber industry's synchronised development of green growth and sustainable development strategies has brought greater benefits in production and business of this industry, Xuyen said.
 
Investing in modern equipment helps reduce manual work and increase productivity. At the same time, it increases product value and promotes consumption in both domestic market and traditional export markets, she said. — VNS
 
Read original article here
Newer News
05/10 Agro-forestry-fisheries exports rise 21 per cent in last nine months
05/10 Ben Tre to unlock potential for investment attraction
05/10 Vietnam pledges best conditions for French Business Confederation's members: top leader
05/10 Budget revenue from import-export activities up 13.5%
04/10 Vietnam hotel market enjoys robust growth: Savills Hotels
04/10 Foreign investment surpasses $24.78 billion in nine months
04/10 Domestic steel prices set to rebound in Q4 amid easing pressure from Chinese market
04/10 India initiates anti-dumping investigation into Vietnamese calcium carbonate filler masterbatch
04/10 Positive signals for exports in remaining months of 2024
03/10 Enhancing connections critical to exploiting FTAs: seminar
Older News
30/09 Unprecedented opportunity for oil giants in offshore wind power
30/09 Businesses need to strengthen capacity for responding to trade defence lawsuits
27/09 Vietnam's wood exports rise, but challenges from market and natural disasters persist
27/09 Vietnamese, Slovenian trade agencies seal cooperation pact
27/09 A $45 million animal feed plant inaugurated in Long An.
27/09 Car imports continue increasing in the first half 2024
26/09 Vietnam's durian dominates fruit exports, outpacing dragon fruit
26/09 Vietnam initiates anti-dumping investigation on wood fibre boards from Thailand and China
26/09 MPI proposes a national economic sectors system prioritising the green economy
26/09 VN needs drastic measures to promote circular economy
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:00 PM
VN-INDEX 1,270.60 -7.50/-0.59%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.