Dak Lak businesses invest in CLV development triangle area

Tuesday, 2018-01-09 10:19:07
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Dak Lak businesses invest in growing rubber in neighbouring countries
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NDO/ VNA – Many businesses from the Central Highlands province of Dak Lak have received permission from the Governments of Cambodia, Laos and Vietnam (CLV) to invest in production and infrastructure in localities within the CLV development triangle area.

The investment projects, mostly in agricultural production, forestry, electricity networks, transport infrastructure, irrigation and health care, have contributed to the socio-economic development in Lao and Cambodian localities.

According to Dak Lak provincial Department of Planning and Investment, the Dak Lak Rubber Investment JSC has carried out a project growing perennial industrial crops, such as rubber and coffee, in Laos with a total investment of nearly US$71 million.

So far, the company has planted over 9,500 hectares of rubber and coffee trees, most of which are in the provinces of Champasak and Salavan. The project has generated jobs for over 2,000 Lao workers with monthly incomes of LAK2.5 million -LAK4 million.

Meanwhile, in Cambodia, the Dak Lak Rubber Co., Ltd, Krong Buk Rubber JSC, and Ea H’leo Rubber Co., Ltd have been growing rubber trees on tens of thousands of hectares worth hundreds of millions of USD.

Krong Buk Rubber Company plans to plant rubber on 9,000 hectares in Rattanakiri province with an investment of nearly US$54 million. To date, the company has planted 5,600 hectares of rubber and created stable jobs for 312 workers. In addition, Dak Lak Rubber is carrying out a project to develop 2,000 hectares of rubber plantations in Mondunkiri province.

Apart from the agro-forestry projects, Dak Lak enterprises have invested in building schools, medical facilities, transformer stations, power transmission lines and roads in the neighbouring countries.

The province has proposed that the Government promptly promulgates specialised mechanisms and policies for socio-economic development along the borderline. It also called for assistance to extend National Highway 29 to the Dak Rue border gate to facilitate investment, trade, economics and tourism activities in the CLV Development Triangle Area.