Deal #545 Version #47648

"VIJACHIP as well as VIJACHIP Vung Ang (established in 2001) and VIJACHIP Cai Lan (established in 2004), which also adopted this business model, successfully planted a total of 39,274 ha through the end of 2010 and created approximately 500,000 jobs annually. " See https://www.sojitz.com/en/special/project/post-13.php

There are two ways for securing plantation in Vietnam. -The first one is to rent directly the land to the Vietnamese local authorities. This is the case, for instance, of QPFL (See Deal 542). -The second one is to make a JV with a State Forest Enterprise (SFE), which will provide the land and hold the responsibility for the plantation – or will sub-contract with farmers to get additional logs. See Karsenty A., Roda J.-M. 2005. Study on the Impacts of Market and Investment Liberalization on Vietnam's Pulp and Plantations Sector, with Particular Reference to China, Programme ASIA PRO ECO, Union Européenne (https://agritrop.cirad.fr/550308/1/document_550308.pdf)

Information from company: https://www.sojitz.com/en/special/project/post-13.php