According to statistics from the provincial Department of Agriculture and Rural Development, since the beginning of the year the area planted with industrial crops in Binh Phuoc Province has grown by about 3–5%.
As of now, the province has:
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159,437 ha of rubber
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155,758 ha of cashew
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11,536 ha of coffee
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10,886 ha of pepper
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902 ha of cocoa
This growth is driven by several factors. In recent years, the prices of the province’s key agricultural commodities—rubber, cashew, pepper, and coffee—have consistently risen, encouraging both local farmers and investors from other provinces to expand their cultivation of these crops.
Additionally, the province has boldly converted areas of degraded forest into plantations and rubber forests, which has contributed significantly to the increase in rubber acreage.
As a result of the rapid expansion of industrial crop areas, the province’s export value has also grown sharply. By the end of September, Binh Phuoc had achieved an export turnover of USD 493.48 million, reaching 89.7% of the annual plan and up 39.4% compared to the same period in 2010.
It is estimated that by the end of 2011, the province’s total export value will exceed USD 600 million.