The Vietnam-Laos Rubber Joint Stock Company broke ground for a rubber latex processing plant in Champasak province on March 10.
The plant will be built on an area of 13 hectares in Pakse district at a total cost of VND68 billion. It has a design capacity of churning out 15,000 tonnes/year and is expected to be put into operation in seven months’ time.
Champasak Vice Governor Somsanit Buttivong affirmed that the project will help generate jobs, reduce poverty and boost local economic development. He said the success of the project will not only demonstrate effective cooperation between the company and Champasak province but also contribute to strengthening friendship between the two countries.
Established in late 2004, the Vietnam-Laos Rubber JS Company has completed the planting of rubber trees on 10,000 ha in Laos two years ahead of schedule. It plans to harvest latex at a 1,200ha farm this year with an estimated volume of 10tonnes/ha.
The company has been awarded Vietnam’s Labour Order, third class, and Laos’s Labour Order, first class. The Lao State also conferred its Labour Order, second class, on Le Van Binh, chairman of the company management board, and Ho Van Ngum, company director.
