Deal #3950

The Dien Bien Rubber Company was allowed to implement its planned 5,000 ha project in the Lao districts of Namo, Muanghoun, and Muangbaeng. It has so far planted 90 hectares of rubber trees. Under the cooperative franchise model, Dong Nai Rubber Corporation has also concluded the required bureaucratic procedures for another 1,000 ha project in Laos.

"After four years of necessary formalities, the Laos Government licensed the VRG to invest in Oudomxay province. The Dien Bien Rubber Company was allowed to implement its planned 5,000 ha project in the Lao districts of Namo, Muanghoun, and Muangbaeng. It has so far planted 90 hectares of rubber trees."

A memorandum of understanding (MoU) on the soil survey and feasibility study of a project to plant rubber trees in northern Laos has just been signed between the Lao Deputy-Minister of Investment and Planning, Bounthavy Sisouphanthong and the Director of Dien Bien Rubber Company, Vietnam, Nguyen Hong Thang.