A rubber latex processing plant of the Tan Bien-Kampong Thom Development Company, an affiliate of the Vietnam Rubber Group (VRG), was inaugurated in Cambodia on August 26.

Vietnamese Minister of Agriculture and Rural Development Cao Duc Phat and Cambodian Deputy Prime Minister Yim Chhay Ly were present at the inaugural ceremony.

The Cambodian Deputy PM highly valued the rubber plantation projects of Vietnamese businesses in Cambodia, which help develop the local economy and generate jobs for local residents.

Cutting the ribbon at the inauguration ceremony. Photo: Vietnam+

Furthermore, Vietnamese firms including the Tan Bien-Kampong Thon company have been actively involved in the host country’s social welfare activities, infrastructure building and poverty reduction efforts.

Minister Cao Duc Phat reiterated the Vietnamese Government’s consistent policy of fostering and enhancing the friendship and comprehensive cooperation with Cambodia across fields and especially in agriculture.

He thanked the Cambodian Government and people for facilitating Vietnamese investment, including in rubber.

The construction of the Tan Bien-Kampong Thom company’s rubber latex processing plant commenced last year with a designed capacity of 3,000 tons per annum.

It is expected to help the company as well as other VRG affiliates in Cambodia process fresh rubber latex and improve business efficiency.

The company has been licensed to grow rubber trees on over 7,000 hectares in Cambodia’s Kampong Thom province with total investment of US$43.5 million.

Fourteen VRG affiliates are implementing 18 rubber projects in Cambodia on 90,000 of the 130,000 total hectares of granted land.

Source: VNA