Vietnamese rubber cultivation firms gather in Cambodia
A meeting between the Cambodian Ministry of Agriculture, Forestry and Fisheries, relevant agencies and localities, with Vietnamese rubber cultivation firms took place in Phnom Penh on August 2.
Phnom Penh (VNA)ꦓ – A meeting between the Cambodian Ministry of Agriculture, Forestry and Fisheries, relevant agencies and localities, with Vietnamese rubber cultivation firms took place in Phnom Penh, Cambodia on August 2.
Speaking at the event, the second of its kind, Cambodian Deputy Prime Minister Yim Chhaily hailed the Vietnam Rubber Group (VRG) and others for generating local jobs, contributing to socio-economic development.
He also asked ministries and agencies concerned to take note of Vietnamese rubber firms’ proposals, making it easier for them to do business.
Vietnamese participants urged Cambodian taxation and customs sectors to facilitate rubber-planting projects amid current steep rubber prices.
Both sides should accelerate the progress of re-signing contracts and reduce the time-limit of land concession contracts to 50 years from 70-90 years, facilitate exports-imports and examine the legal regulations on rubber exports, they said.
A total of 48 Vietnamese firms are planting rubber in Cambodia, including the VRG, which manages 15 member units and 19 projects.
Of the more than 200,000ha of land licensed to Vietnamese enterprises, over 180,000ha has been planted with rubber trees, mostly in the provinces of Kampong Thom, Preah Vihear, Siem Reap, Mondulkiri and Ratanakiri.-VNA
Vietnam ranked the world's third largest natural rubber producer and the fourth largest exporter following Thailand , Indonesia and Malaysia in 2013. Currently, when the rubber supply exceeds the demand, Vietnam needs to enhance the competitive edge to be able to maintain its rank in the global market, the Vietnam Business Forum Magazine (VBF) reported.
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Illustrative image (Source: www.rainforest-alliance.org)h
