Vietnam Plans Indochina Rubber Plantations
The state-owned Vietnam Rubber Corporation (VRC) has already received permission from Deputy Prime Minister Nguyen Sinh Hung to invest USUS$4 million in planting 4,000 hectares of rubber trees in Cambodia this year.
Under a bilateral cooperation plan, VRC will provide funding, seedlings and necessary equipment for the planting.
The investment was part of a project to cultivate 100,000ha of rubber trees in Cambodia, previously approved by the government.
Recently, a company of Vietnam and a representative of the Lao Government signed an agreement on planting rubber trees and building a rubber latex processing mill in the southern region of Laos.
The project will be carried out in 8,000ha of land in Sekong province of Laos.
An official of the province said this was the second Vietnamese company licensed to implement the rubber tree planting project in the locality, and the project was part of the province’s reforestation plan. (Vietnam & World Economy)
Vietnamese
