Deal #5201 Version #71362

The area of 16,726 ha in 33 communes of 8 districts, town of Phu Yen, among which, till the year 2011, totally 2,241 ha of forests has been planted. (Source: phuyennewsvneconomy-investment0804906505106044.pdf) http://english.thesaigontimes.vn/20915/Afforestation-joint-venture-formed-in-Phu-Yen.html http://www.truongthanh.com/ttf-lien-doanh-voi-nhat-trong-rung-kinh-te-o-phu-yen-.html The initial goal of the joint venture is to develop nearly 18,000 ha of forest in Phu Yen, but they also have plans to expand the plantation to 40,000 hectares in the province. Source: https://english.thesaigontimes.vn/25246/Wood-firms-find-it-difficult-to-plant-forests.html

Truong Thanh Oji Afforestation Co. Ltd. (TTO) has a total investment capital of almost $24 million (equivalent to 455 billion dongs). (source: https://phuyennewsvneconomy-investment0804906505106044.pdf)

The project enjoys some privileges in land lease rate, import-export tax. Nevertheless, the joint venture is not allowed to directly rent investment land but through Truong Thanh group. (source: phuyennewsvneconomy-investment0804906505106044.pdf)

Vietnam’s Truong Thanh Furniture Corporation holds 51% stake, while the Japanese-owned Oji Paper Co. Ltd. holds 49%. (source: https://englishthesaigontimesvn20915afforestation-joint-venture-formed-in-phu-yenhtml.pdf)