May 28, 2011

Vietnam, Cambodia cooperate in rubber planting


Vietnam is currently implementing rubber growing projects in Cambodia, aiming to plant 100,000 hectares of rubber trees in five Cambodian provinces by 2012.

The projects are part of a trade promotion plan approved by the Prime Ministers of both countries at the Vietnam-Cambodia business conference in April 2011.

A seminar was held in Phnom Penh on May 27 to offer tax reductions and exemptions for businesses involved in rubber growing projects in Cambodia.

Cambodian officials highlighted the significance and benefits of these projects, saying that the projects helped upgrade infrastructure, provide clean water, build houses for workers and pagodas for religious followers, thereby improving local people’s incomes.

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