The Vietnamese Rubber Enterprise Federation includes 17 companies and has invested US$1 billion in growing rubber in Cambodia. The Post talked to Leng Rithy, its president
Why is Vietnam interested in investing in Cambodian rubber plantations?
Vietnam is interested in growing rubber in Cambodia for several reasons.
First, Cambodia has a lot of potential free land which is suitable for rubber.
Cambodia is also next to Vietnam, which makes communication easy. The two countries have similar weather, and their people also have similar cultures.
How much capital will Vietnam invest and how many hectares of land area will the federation grow rubber on?
We have prepared a total amount of nearly US$1 billion to grow rubber, on a total economic concession land area of 100,000 hectares.
Of this amount, $600 million will be used for plantations, $200 million will be used for building infrastructure in the rubber plantation areas.
The other $200 million will be used for building rubber-processing factories.
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