Deal #279

Land area

Size under contract (leased or purchased area)

[2004-06-21, current] 10000 ha

Size in operation (production)

[2010-01-01, current] 10000 ha

Comment on land area

One of the largest rubber investors in Lao

Intention of investment

[current] Non-food agricultural commodities

Comment on intention of investment

rubber plantation Vietnamese State President Truong Tan Sang once said: “Vietnam - Laos Rubber Joint Stock Company is one of economic units that expresses the Vietnam - Laos friendship relations most clearly.” Source: vccinews

Nature of the deal

Concession

Negotiation status

[2004-06-21, current] Concluded (Contract signed)

Implementation status

[2006-10-01] Startup phase (no production)
[2011-05-01, current] In operation (production)

Comment on implementation status

By October 2006, the Viet-Lao Rubber Company had planted 8,000 hectares of its plantation, with the remaining 2,000 hectares slated to be planted in 2007. In five years from 2005 to 2010, Vietnam - Laos Rubber Joint Stock Company had planted more than 10,000 hectares of rubber trees. in May 2011, the company started commercial production on 1,642.39 ha of rubber trees grown in 2005 and added 2,200 ha of rubber trees planted in 2006 to commercial production in September 2011, bringing the productive area to 3,842.39 ha in 2011. Source: vccinews The Viet Nam Rubber Group (all members) re-affirmed on its website that it was no plan to invest neither more in rubber plantations in Cambodia and Laos since 2015 nor any plans to develop concessions in Laos and Cambodia in the future. Source: VRA

Contract farming

No