News

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/

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/

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 ...

http://www.phnompenhpost.com/index.php/2011072750651/Business/vietnam-businesses-eyeing-the-kingdom.html

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