PHNOM PENH (Vietnam News)— The Viet Nam Rubber Group (VRG) 's four subsidiaries yesterday kicked off a project to plant 100,000ha of rubber trees in Cambodia's Kratie Province under an agreement between the two countries.
The subsidiaries are the Dong Nai Kratie, Dong Phu Kratie, Phu Rieng Kratie and Loc Ninh Kratie companies.
Addressing the ceremony, Cambodian Deputy Prime Minister Yim Chhay Ly said foreign investors, including the VRG, had played a major role in Cambodia's socio-economic achievements in recent years.
The VRG has planted rubber trees in Cambodia since 2007. Its 11 subsidiary companies were allocated more than 95,000ha of land of which 26,000ha were already planted, according to Tran Ngoc Thuan, its general director.
It plans to plant 50,000ha of rubber trees in Cambodia this year. The entire project is set for completion by the end of next year, with a total investment of US$200 million.
The subsidiaries are the Dong Nai Kratie, Dong Phu Kratie, Phu Rieng Kratie and Loc Ninh Kratie companies.
Addressing the ceremony, Cambodian Deputy Prime Minister Yim Chhay Ly said foreign investors, including the VRG, had played a major role in Cambodia's socio-economic achievements in recent years.
The VRG has planted rubber trees in Cambodia since 2007. Its 11 subsidiary companies were allocated more than 95,000ha of land of which 26,000ha were already planted, according to Tran Ngoc Thuan, its general director.
It plans to plant 50,000ha of rubber trees in Cambodia this year. The entire project is set for completion by the end of next year, with a total investment of US$200 million.
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