Wednesday, February 24, 2010

Rubber Group sets up farms in neighbouring countries

Tuesday, Feb 23, 2010
Saigon Giai Phong (SGGP)

The Vietnam Rubber Industry Group (VRIG) will invest in growing 100,000 hectares of rubber trees in Laos, Myanmar and Cambodia from now until 2012, said an official.
According to an agreement between the VRIG and the three countries, rubber plantation rental will cost US$7 for one hectare per year in Cambodia and US$30-50 in Laos.
The group is still negotiating with Myanmar.
The group currently has 10,000 hectares of rubber trees in Cambodia and 21,000 hectares in Laos.

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