(CAAI News Media)
Vietnam eyes rubber
Monday, 23 November 2009 15:00 Chun Sophal
VIETNAMESE firms have invested US$600 million in Cambodia’s rubber sector this year, according the head of a consortium representing 14 companies from across the border. Leng Rithy, the leading representative of the Vietnam Rubber Group in Cambodia, said Sunday that the capital has gone to plantations in Kratie, Kampong Thom, Preah Vihear, Ratanakkiri and Mondulkiri provinces, and more Vietnamese companies want to invest in the Kingdom. “We will have planted rubber trees on 100,000 hectares of land concessions from the government by 2012, and 10 processing plants will be built to produce dry rubber for exports to international markets,” he said.
New $13 million mall
Monday, 23 November 2009 15:00 Soeun Say
LOCAL firm Alta Co will invest US$13 million in a new shopping centre, including a hotel, in the capital, a company representative said, a development that is scheduled to open at the start of 2010. Thang Kin said Alta had finished constructing the shell of the six-storey Phnom Penh Boeung Trabek Shopping Centre and was working on the interior. Over 45 percent of the space had been rented, he added, including one of the 300 units to American fast-food chain KFC. The project, which has so far cost $6.5 million, will have taken two years to finish.
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