Phnom Penh (VNA) – The Vietnam Rubber Group(VRG) has planted more than 90,000 hectares of rubber trees in Cambodia in thepast 10 years, 1,900 hectares of which have been producing latex.
VRG projects have created jobs for 15,000 local labourers,while contributing to fostering the sound traditional friendship between Vietnam and Cambodia,heard a VRG conference in Phnom Penh on December28 to review its 10-year operation in Cambodia.
According to the group, so far, it has built over 3,000workers’ apartments and various infrastructure works for localities in Cambodiawhere its projects are located. The VRG has also donated more than 3 millionUSD to local governments and Red Cross organisations of Cambodia.
According to a VRG representative, the group has completed thestage of planting new trees and will begin large-scale exploitation periodsoon. VRG’s branches plan to recruit a large number of labourers for harvestingand latex processing, while focusing on better management of rubber latex quality.
The representative underscored good prospects for rubberprojects in Cambodiain the future, as the Cambodian Government encourage rubber farming as aspearhead economic industry, while world rubber price is on the rise with a 60percent increase recorded between early and late 2016.
Rubber demand in many countries has also increased, whilethe La Nina and El Nino in many regions in the world have led to a short-termreduction in natural rubber production, which pushes up rubber price.-VNA
VNA