VIETNAM: Vietnamese firms eye rubber cultivation in Cambodia
Source: Vietnam News Agency, Hanoi; 7 Aug 2007
Three Vietnamese businesses have teamed up to
kick-start a joint stock company that will cultivate
rubber in Cambodia.
The Phu Rieng-Karatie Joint Stock Company has a total
chartered capital of 200 billion VND. The Viet Nam
Rubber Industry Group holds a 40 percent stake in the
company, with the Phu Rieng Rubber Company and the Da
River Corporation coming in for 30 percent each.
A 70 year lease on nearly 1,000 ha of land in
Cambodia’s Karatie province was secured by the firm.
Some 300 ha of land has been reclaimed and 100 ha is
already having rubber trees.
(Syed Rashid Ali, Karachi, Pakistan)