The Ho Chi Minh City Rubber Joint Stock Company is set to grow rubber trees and construct a rubber latex processing factory in Laos ’ southern Champasak province.
The company’s representative, Le Van Quang, and the Lao Deputy Minister of Planning and Investment Thongmy Phomvixay signed an official agreement relating to the project in Vientiane on Nov. 11.
The project has a total investment capital of 30 million USD and an operational duration of 30 years. It will be implemented in two villages in the Khong district.