Rubber plantations sprouted in Vietnam around 1897, developed by French colonists. In 1930, the French planted 10,000 hectares of rubber and harvested 11,000 tons of latex. In 1950, the planted area was 70,000 hectares.
Now, rubber has become the main industrial crop in Vietnam.
Vietnam has exported rubber to more than 60 markets around the world. In 2020, rubber exports were estimated at 1.75 million tons, worth $2.38 billion, up 2.8 percent in volume and 3.5 percent in value compared to 2019, according to official statistics.