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According to the “Vietnam Economic Times†reported on January 24, 2010, Vietnam’s total rubber production was 750,000 tons. In the same year, the export volume was 773,000 tons, and the export value reached 2.3 billion US dollars, an increase of 5.7% and 89.1% year-on-year respectively. Among them, exports to China accounted for 70% of its total exports. China is still the largest market for rubber exports from Vietnam. At present, Vietnam has a rubber planting area of ​​approximately 786,000 hectares, of which 65% of the area begins to produce rubber. It is estimated that the total rubber production in Vietnam in 2011 will be 780,000 tons.