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06. July 2017

VIETNAM: Russia’s Rostec eyes rubber project in Binh Duong

A delegation of Russia’s Rostec Corporation worked with authorities in the southern province of Binh Duong on Wednesday (5 July 2017) to prepare for the operations of the Viet Nam-Russia Rubber Joint Venture Company (Visorubtex).

The project is expected to be operational after 2020.

The project, which was signed between the Vietnamese Government and the Russian Government, will include rubber plantations, research and pilot production of Visorutex rubber in Binh Duong Province.

Speaking at the meeting, deputy chairman of provincial People’s Committee Tran Thanh Liem said local authorities always supported the Rostec Corporation’s work on Visorutex in the province. Rostec needed to discuss the details with the Viet Nam Rubber Group to have a common agreement, he added.

Yuriy Makeev, Rostec deputy general director’s adviser, appreciated the development potential of Binh Duong Province and thanked the provincial authority for their support of Rostec.

He said his corporation wanted to begin operations in the province by growing rubber and undertake activities related to Visorutex.

Source: bizhub.vn, Hanoi; 5 July 2017

(Syed Rashid Ali, Karachi, Pakistan)

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