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 lately.
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
The move is part of VRGs plan to grow 100,000ha of rubber trees in
VRG Chairman Le Quang Thung said the groups investment in
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
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.
(Source: VNS)
