Deal #545 Version #86072

"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/)

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