Quang Tri signs rubber plantation contract with Laos
Quang Tri Rubber Company under the Vietnam Rubber Group (VRG) has signed a land leasing contract with the Lao Government for a rubber plantation and a rubber processing plant in Laos’ southern province of Salavan.
Director General of Quang Tri Rubber Company Van Luu promised to ensure the progress of the project, create jobs for local residents and to strictly follow the law on environmental protection.
The project will be carried out on 500 hectares with total investment of nearly US$10 million. The land lease lasts 30 years, though it could be extended. Once operational, the project is expected to create jobs for nearly 600 Lao workers.