via Khmer NZ News Media
June, 22 2010
HA NOI —The Dong Nai and Dong Phu companies under the Viet Nam Rubber Group (VRG) unveiled a new phase of rubber plantations in Sombo District of Kratie Province in Cambodia last Saturday.
The move is part of VRG's plan to grow 100,000ha of rubber trees in Cambodia by 2012.
VRG Chairman Le Quang Thung said the group's investment in Cambodia had not only yielded profit but also brought social benefits. The project has so far provided jobs to over 2,000 Cambodian workers at the rubber plantations.
Senior Minister of the Cambodia Ministry of Land Management, Urban Planning and Construction Im Chhun Lim said that the VRG had contributed to job generation and poverty reduction in Cambodia.
The two companies have been licensed to grow rubber trees on 16,000ha of land in Sombo District.
In the 2008-09 crop, they planted over 2,000ha and plan to cultivate an additional 2,000ha in 2010.
The VRG said it planned to invest $55 million in growing an additional 16,000ha of rubber trees in five Cambodian provinces this year, including 8,900ha in Kampong Thom, 7,500ha in Kratie, 1,500ha in Ratanakiri, 1,100ha in Stung Treng, and 1,000ha in Preah Vihear.
The plantations are expected to begin producing latex in 2017 with a total output of 150,000 tonnes, to be increased to 250,000 tonnes in 2020. — VNS
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