News
Oxfam signs MoU with Vietnam Rubber Group to promote sustainable development
Oxfam and Vietnam Rubber (VRG) Group on Friday signed a Memorandum of Understanding for a two-year project to promote sustainable development, green growth and responsible investment in the rubber value chain in Cambodia. ...
Vietnam rubber giant’s 2022 Cambodia output to pass 140K tonne goal
Vietnam Rubber Group JSC’s (VRG) natural-rubber processing plants in Cambodia have reportedly produced 109,526 tonnes of latex this year, equivalent to 78.23 per cent of the firm’s full-year target, as it strives to meet international demand for the milky white sap, especially from China – ...
Hom Phanet
https://www.phnompenhpost.com/business/vietnam-rubber-giants-2022-cambodia-output-pass-140k-tonne-goal
Gov't audit shows Vietnam Rubber Group missing millions
Contentious plantation giant Vietnam Rubber Group reportedly “lost” nearly $391 million of state funds over five years, including $22.75 million from a rubber plantation in Cambodia, an official investigation into the firm’s dealings has found, according to Vietnamese media. Hanoi’s anti-corruption body, the General Inspectorate, last ...
Daniel Pye and May Titthara
http://phnompenhpost.com/national/govt-audit-shows-vietnam-rubber-group-missing-millions
Rubber giant to hear villagers’ complaints
More than 15 months after a Global Witness report revealed that Vietnam’s state-owned rubber giant had illegally cleared land and displaced communities in Cambodia, the company has announced that it will accept and respond to complaints from those whose lives it has damaged. Vietnam Rubber Group, ...
Matt Blomberg
http://www.cambodiadaily.com/news/rubber-giant-to-hear-villagers-complaints-67074/
Chainsaws stayed busy in past year
The extent of the devastation of Cambodia’s forests was brought into sharp relief as 2013 drew to a close, with a series of detailed maps and satellite data released by NGOs showing the drastic depletion of the Kingdom’s woodland ecosystems. Images released by Open Development Cambodia ...
Daniel Pye
http://www.phnompenhpost.com/national/chainsaws-stayed-busy-past-year
Update says rubber company up to old tricks
Vietnamese rubber firm Hoang Anh Gia Lai (HAGL) has failed to keep its commitments to address human rights and environmental abuses at its plantations in Cambodia, Global Witness said in a statement yesterday. In May, the London-based NGO published an investigation into two Vietnamese rubber companies ...
Phak Seangly and Daniel Pye
http://www.phnompenhpost.com/national/update-says-rubber-company-old-tricks
Banks Urged to Divest From Ratanakkiri-Based Rubber Firm
Environmental campaign group Global Witness on Thursday called on the International Finance Corporation (IFC) and Deutsche Bank to divest immediately from a Vietnamese firm whose rubber plantations in Cambodia are accused of rampant illegal logging and forced evictions of indigenous communities. The call came exactly six ...
Zsombor Peter
http://www.cambodiadaily.com/news/banks-urged-to-divest-from-ratanakkiri-based-rubber-firm-47045/
IFC, Deutsche Bank respond to Global Witness report
On May 13, we ran an interview with London-based NGO Global Witness accusing the Deutsche Bank and the International Finance Corporation of financing two Vietnamese rubber companies that are allegedly involved in land grabs in Cambodia and Laos. We asked both banks for a response ...
Cambodia Plantations Not IFC’s First Controversy
In the wake of a new report from environmental rights group Global Witness rebuking the World Bank’s International Finance Corporation (IFC) and Deutsche Bank for investing in rubber plantations accused of illegal logging and forced evictions, both institutions have denied responsibility and deflected the blame ...
http://www.cambodiadaily.com/news/cambodia-plantations-not-ifcs-first-controversy-23793/
Kratie cut to shreds
‘I heard a f—ing crazy dog say that we can’t dock in Kampong Saom, but we definitely can do that,” a crackling voice declares boisterously. The speaker, captured in video obtained by the Post, is part of an illegal timber syndicate. The identity of the speaker ...
http://www.phnompenhpost.com/2013032964752/National/kratie-cut-to-shreds.html
BUSINESS IN BRIEF 27/2: Cambodia, Laos Rubber
The area under Viet Nam Rubber Group’s cultivation in Laos and Cambodia totals 100,000 ha, including 27,000 ha under the group’s seven rubber projects in Laos. By the end of 2012, VRG had 21 rubber projects in Cambodia, including 19 rubber tree plantations and ...
http://english.vietnamnet.vn/fms/business/67334/business-in-brief-27-2.html
Vietnam businesses eyeing the Kingdom
Vietnam businesses are looking to invest in Cambodia but are faced with a shortage of skilled labor and high transportation costs. The Oversea Entrepreneur Forum in Phnom Penh saw over 100 firms meet to discuss potential partnerships. It has also been said that further cooperation ...