Vietnamese business invests in rubber plantation in Laos

December 31, 2011 | 09:26

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The Dau Tieng Rubber Corporation will hire 4,739 hectares of land in southern Laos to plant rubber trees.

The project will be implemented in Bachiangchaleunsouk and Paksong districts in Champasak province, and Laykhonpheng and Lao Ngarm districts in Salavan province over 40 years.

The land leasing contract was signed in Vientiane, Laos on December 30 by Ahom Toulanom, Laos’ Deputy Minister of Natural Resources and Environment, and Le Chi Hoang, General Director of Dau Tieng Rubber Corporation.

Speaking at the signing ceremony, Ahom Toulanom highly appreciated the investment cooperation of Vietnamese businesses in Laos. He said they made contributions to protecting the environment, raising social welfare, eliminating hunger and reducing poverty.

For his part, Hoang confirmed that the rubber tree planting project will create jobs for local people and that the company will transfer technology to the locality. He expressed hope that central and local authorities will continue to create favourable conditions for the company to carry out the project effectively.

VOV

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