Several Spanish investors have pledged to invest in rubber latex processing factories in southern Binh Phuoc province, Minister of Planning and Investment Bui Quang Vinh said during a meeting with provincial officials on July 14.
The minister said that the Spanish partners want to produce rubber products meeting the EU market’s quality standards at these factories, which will consume about 150,000 tonnes of rubber latex each year.
He asked local authorities to create favourable conditions for Spanish investors and facilitate the completion of administrative procedures for the project to start early.
Vinh also affirmed that in the time to come, the ministry will assist Binh Phuoc province in implementing its main tasks of the year, including a programme on regional economic development, and investment in transport infrastructure, the Dong Phu industrial-services-urban complex and the Bu Gia Map eco-tourism site.
Binh Phuoc tops the country in rubber planting area, with more than 230,000 hectares, 70 percent of which are under exploitation. Its rubber latex output is over 269,000 tonnes each year.-VNA
The minister said that the Spanish partners want to produce rubber products meeting the EU market’s quality standards at these factories, which will consume about 150,000 tonnes of rubber latex each year.
He asked local authorities to create favourable conditions for Spanish investors and facilitate the completion of administrative procedures for the project to start early.
Vinh also affirmed that in the time to come, the ministry will assist Binh Phuoc province in implementing its main tasks of the year, including a programme on regional economic development, and investment in transport infrastructure, the Dong Phu industrial-services-urban complex and the Bu Gia Map eco-tourism site.
Binh Phuoc tops the country in rubber planting area, with more than 230,000 hectares, 70 percent of which are under exploitation. Its rubber latex output is over 269,000 tonnes each year.-VNA
