Out of the 700,000 tonnes, Vietnam expects to produce 500,000 tonnes domestically while the remaining 200,000 tonnes will come from re-exportation.
According to the VRA's forecast, the averaged price of export rubber will be around US$1,860 a tonne.
During the first six months of the year, Vietnam exported over 280,000 tonnes worth US$527 million, with about 63% of the total volume going to China.
Export rubber includes many different kinds like SVR3L accounting for 40%, SVR10 with 17%, Latex with 10% and general rubber with 9.5%.
The country exported 697,000 tonnes, bringing in US$1.27 billion in 2006 and it was the first time that Vietnam rubber contributed to the group of export commodities earning over US$1 billion.