Please note: you are viewing an old version of this deal. The current version can be found here: Deal #545

Deal #545 Version #86072

Vietnam
Created at
2013-02-15
Last update
2022-03-17
Last full update
2022-03-17

Land area

Size in operation (production)
  • [2010-01-01] 39274 ha
  • [2016-01-01, current] 46500 ha
Comment on land area
"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 *As of the end of 2016, they have provided 44.5 million saplings to small-scale farmers free of charge, reforested an area totaling 46,500ha. (https://www.sojitz.com/special_site/vietnam-story/en/)

Intention of investment

Intention of investment
  • [current] Timber plantation for wood and fiber

Nature of the deal

Comment on nature of the deal
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)

Negotiation status

Negotiation status
  • [current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2014, current] In operation (production)
Comment on implementation status
Information from company: https://www.sojitz.com/en/special/project/post-13.php