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Cambodian, Vietnamese militaries ink deals for quarry, rubber development projects

English.news.cn   2012-11-30 20:31:39            

PHNOM PENH, Nov. 30 (Xinhua) -- Cambodian and Vietnamese Defense Ministries on Friday signed two documents relevant to a joint venture for establishing a quarry and a rubber plantation project in Cambodia.

According to a document briefed to reporters at the signing ceremony, the two deals included a quarry site establishment in Kampong Chhnang province, in which Vietnamese side will be responsible for the investment cost, and a memorandum of understanding on a feasibility study for a 6,000 hectare rubber plantation in Cambodia.

For the rubber project, at the initial phase, both sides will start to plant rubber seedlings on an area of 220 hectares.

The documents were signed between Lt. Gen. Ouk Korsa, head of Cambodian Defense Ministry's development department, and Gen. Tran Trung Tin, head of Vietnamese Defense Ministry's finance department and military business association. "All investment projects by the two armies have complied with the two countries' investment laws,"said Ouk Korsa ahead of the signing ceremony.

Gen. Tran Trung Tin arrived in Cambodia on Wednesday for a three-day visit. On Thursday, he met with Cambodian Secretary of State for Defense Gen. Moeung Samphan, and the two sides agreed to further strengthen and expand military ties through capacity building and technical assistance.

Editor: znz
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