Present at the launch ceremony on June 1 were Cambodian Deputy Prime Minister Yim Chhay Ly and Vietnamese Ambassador to Cambodia Ngo Anh Dung.

Four companies affiliated to VRG will plant 5,100 ha of rubber in Kratie to help the group fulfill its yearly target for around 25,000 ha of rubber.

VRG General Director Tran Ngoc Thuan said that the project will help Cambodia promote socio-economic development and strengthen traditional friendship between the two countries.

The group has so far invested around US$200 million in Cambodia. The rubber planting project is gaining momentum with the aim of generating steady jobs for more than 7,000 local people, building more than 1,500 houses for workers and 50 wells, hospitals and schools as well as 200km of road and 20 bridges.