Logo of Phnom Penh Post newspaper Phnom Penh Post - Vietnam eyes rubber

Vietnam eyes rubber

Vietnam eyes rubber

VIETNAMESE firms have invested US$600 million in Cambodia’s rubber sector this year, according the head of a consortium representing 14 companies from across the border. Leng Rithy, the leading representative of the Vietnam Rubber Group in Cambodia, said Sunday that the capital has gone to plantations in Kratie, Kampong Thom, Preah Vihear, Ratanakkiri and Mondulkiri provinces, and more Vietnamese companies want to invest in the Kingdom. “We will have planted rubber trees on 100,000 hectares of land concessions from the government by 2012, and 10 processing plants will be built to produce dry rubber for exports to international markets,” he said.

MOST VIEWED

  • Prince injured, wife dies after accident

    THE wife of former First Prime Minister Prince Norodom Ranariddh, Ouk Phalla, 39, died while the prince was “severely” injured following a road accident in Preah Sihanouk province’s Prey Nub district on Sunday morning, officials said. Rananriddh, who is also the president of the Funcinpec

  • Guards protest dismissals, reject claims of sharing naked photos of child

    Some 20 former security guards at the US Embassy in Phnom Penh protested on Tuesday against their dismissal. They accused their employers of falsely claiming they had viewed and shared child pornography from their mobile phones as grounds for their termination. In total, 32 personnel were dismissed

  • We’re going to Wisney World!

    More than 6,000 mostly Chinese attendees witnessed the inauguration ceremony of a $1 billion Sihanoukville resort project called Wisney World in the capital on Wednesday. The event on Koh Pich, attended by several senior Cambodian government officials, is a joint venture between China’s AMC International and

  • Funcinpec urges probe into deadly Preah Sihanouk accident

    THE Funcinpec party has urged the government, especially the Ministry of Interior, to investigate the traffic accident in Preah Sihanouk province which left Prince Norodom Ranariddh badly injured and his wife Ouk Phalla dead. Funcinpec Vice President You Hokry told reporters at Botum Votey pagoda,