THE SOCIALIST REPUBLIC OF VIET NAM
Government News
8,100 ha of rubber to be planted in Cambodia
VNGOP – Tân Bien-Kampong Thom Rubber Development Company has signed a contract to lease 8,100 ha of land in Kampong Thom Province of Cambodia for rubber plantation and the building of a rubber latex plant.
September 26, 2007 7:05 AM GMT+7
The contract will be valid for 70 years and is running under a cooperation program of the Vietnamese and Cambodian governments.
60 ha of rubber crops have been planted and nursery has already gone up on a 15 ha plot of land.
The project is estimated to cost VND 770 billion (US$ 48.1 million). Tân Bien Rubber Company contributed 51 percent of the capital, the Việt Nam Rubber Industry Corporation, 29 percent and the Sông Đà Corporation, 20 percent.
The Tân Biên-Kampong Thom Rubber Development Company plans to put 7,900 ha under rubber by 2010 and put a 26,000 ton latex processing plant into operation by 2023.
(Source: VNA)