Vietnamese group licensed to plant rubber trees in Laos

The Lao government has granted a license to Vietnamese Hoang Anh-Gia Lai Group (HAGL) to plant rubber trees on 10,000 hectares in the Lao province of Attapeu .

Lao Deputy Minister of Planning and Investment Thongmy Phomvixay and HAGL’s Chairman Doan Nguyen Duc signed a contract to this effect in the capital of Vientiane on Dec. 11.

The new rubber plantation project is expected to provide 3,800 jobs for local people with an average income of between 150-170 USD per month.

HAGL has planted 5,000 hectares of rubber in Lao since 2005 and intended to build two rubber processing factories with a capacity of 40,000 tonnes per year in Attapeu province by 2012.

The group has also doled out hundreds of thousands of USD to assist local community in the building of schools, clinics, roads and electric transmission lines.

Source: VNA

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Cambodia, Vietnam expect US$2bil in trade

VietNamNet Bridge – Vietnam and Cambodia have discussed measures to further boost their economic cooperation, with the aim of increasing two-way trade to 2 billion USD by 2010.

The discussion took place during the meetings in the Cambodian capital of Phnom Penh between the Vietnam - Laos - Cambodia Association for Economic Cooperation Development of Vietnam and the Council for the Development of Cambodia and a number of Cambodian ministries.

At the working sessions, the two sides also highlighted the importance of further accelerating economic cooperation and investment between Vietnam, Laos and Cambodia.

During its visit to Cambodia from Dec. 8-12, the delegation of the association, led by Chairman Lai Quang Thuc, former deputy minister of Planning and Investment, was received by Cambodian Prime Minister Hun Sen.

Source: VNA
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