Vietnam to plant rubber trees in Cambodia

Vietnam will invest some four million U.S. dollars in growing 4,000 hectares of rubber trees in Cambodia, according to the Vietnam Rubber Corporation on Thursday.

Under a plan on growing the trees in the foreign country recently approved by the Vietnamese government, the state-owned corporation will provide funds, seedlings and necessary equipment for the plantation.

The plantation is part of the corporation's scheme of cultivating 100,000 hectares of rubber trees in Cambodia, already adopted by the government.

Vietnam, the world's fourth biggest natural rubber exporter, sold overseas 65,000 tons of rubber valued at 104 million dollars in January, posting respective year-on-year rises of 12.6 percent and 17.8 percent, according to the Vietnam Rubber Association.

The country exported 697,000 tons of rubber totaling nearly 1.3 billion dollars to more than 40 countries and regions, including China, the United States and Europe in 2006, up 18.7 percent and 58.3 percent, respectively, against 2005.

Source: Xinhua