Vietnamese businesses are pumping more investment in agriculture,forestry and fishery abroad in a bid to expand their markets and reduceproduction and transport costs.
The Ministry of Agriculture andRural Development (MARD) reported that local investors have injected atotal of 2.5 billion USD in 150 agro-forestry-fishery projects abroad,accounting for 20.5 percent of the country’s total foreign investmentcapital.
The investors’ major destinations are Laos andCambodia, where their projects have primarily been involved in woodprocessing, rubber plantation and latex exploitation.
Vietnamesebusinesses are also present in other Southeast Asian nations, Chinaand some South African nations under the South-South CooperationProgramme.
The Vietnam Rubber Group (VRG) is one of the fourleading Vietnamese investors abroad, as well as the militarytelecommunication group Viettel, the Vietnam National Chemical Group(Vinachem), and the Vietnam National Oil and Gas Group (PVN).
TheVGR intends to pour 1 billion USD into rubber plantation projectsoverseas until 2015. Approximately 400 million USD has already beendisbursed to date.
As of early this year, the group has grown100,000 hectares of rubber trees in Laos and Cambodia . Its eightmore projects involving an additional 27,000 hectares are currentlyunderway in Laos .
The VRG’s Dien Bien-Northern Lao companydebuted last year, aiming to expand investment in the northern Laoprovince of Oudomxay .
Also in Laos, the Vietnam-LaoRubber Joint Stock Company exploited nearly 5,500 hectares of rubbertrees. Its products bearing the Vietnamese-Lao trademark have officiallybeen present in the market.
By the end of 2012, 21 VRG-investedprojects had been implemented in Cambodia including 19 in rubberplantations and latex processing plants.
The group has plantedmore than 70,000 hectares of rubber trees in Cambodia with somehectares in Tan Bien-Kampongthom are already being exploited.
TheVRG plans to grow 25,000 hectares of rubber trees in 2013 and joinshands with other groups to achieve the 100,000 ha rubber plantationtarget set for 2014, a year ahead of schedule.
VGR-investedprojects are expected to begin generating export revenues by 2015 andestimated to reach 400 million USD by 2020.
Under the South-SouthCooperation Programme, the MARD has dispatched experts to Mozambique,Tanzania, Sudan, Mali, South Africa and Sierra Leone tosupport local people in growing rice and developing irrigation systems.
Many Vietnamese businesses have also invested in rice,aquaculture, seafood processing and fisheries in some African nations,including South Africa and Mozambique.-VNA
The Ministry of Agriculture andRural Development (MARD) reported that local investors have injected atotal of 2.5 billion USD in 150 agro-forestry-fishery projects abroad,accounting for 20.5 percent of the country’s total foreign investmentcapital.
The investors’ major destinations are Laos andCambodia, where their projects have primarily been involved in woodprocessing, rubber plantation and latex exploitation.
Vietnamesebusinesses are also present in other Southeast Asian nations, Chinaand some South African nations under the South-South CooperationProgramme.
The Vietnam Rubber Group (VRG) is one of the fourleading Vietnamese investors abroad, as well as the militarytelecommunication group Viettel, the Vietnam National Chemical Group(Vinachem), and the Vietnam National Oil and Gas Group (PVN).
TheVGR intends to pour 1 billion USD into rubber plantation projectsoverseas until 2015. Approximately 400 million USD has already beendisbursed to date.
As of early this year, the group has grown100,000 hectares of rubber trees in Laos and Cambodia . Its eightmore projects involving an additional 27,000 hectares are currentlyunderway in Laos .
The VRG’s Dien Bien-Northern Lao companydebuted last year, aiming to expand investment in the northern Laoprovince of Oudomxay .
Also in Laos, the Vietnam-LaoRubber Joint Stock Company exploited nearly 5,500 hectares of rubbertrees. Its products bearing the Vietnamese-Lao trademark have officiallybeen present in the market.
By the end of 2012, 21 VRG-investedprojects had been implemented in Cambodia including 19 in rubberplantations and latex processing plants.
The group has plantedmore than 70,000 hectares of rubber trees in Cambodia with somehectares in Tan Bien-Kampongthom are already being exploited.
TheVRG plans to grow 25,000 hectares of rubber trees in 2013 and joinshands with other groups to achieve the 100,000 ha rubber plantationtarget set for 2014, a year ahead of schedule.
VGR-investedprojects are expected to begin generating export revenues by 2015 andestimated to reach 400 million USD by 2020.
Under the South-SouthCooperation Programme, the MARD has dispatched experts to Mozambique,Tanzania, Sudan, Mali, South Africa and Sierra Leone tosupport local people in growing rice and developing irrigation systems.
Many Vietnamese businesses have also invested in rice,aquaculture, seafood processing and fisheries in some African nations,including South Africa and Mozambique.-VNA
