Authority of Binh Duong province voices support for Russia's ROSTEC Group to carry out the rubber production project Visorutex in a local meeting on July 4. (Photo: VNA)Binh Duong (VNA) – The People’sCommittee of southern Binh Duong province supports the Russia-based ROSTECGroup to carry out the rubber production project Visorutex, said Vice ChairmanTran Thanh Liem on July 4.
He made the statement during a meeting withYuriy Makeev, ROSTEC Deputy General Director’s adviser, to discuss the rubberreplanting and manufacturing project in the province.
Vietnam and Russia signed an agreement toestablish a joint venture for rubber production in 1991, cultivating more than1,000 hectares of rubber in Binh Duong.
Speaking at the meeting, Liem lauded Vietnam– Russia relations and updated Makeev on local socio-economic development andpolicies for investors.
He voiced support for Visorutex and alsohoped that ROSTEC will consider investing in other fields.
The province has converted approximately2,000 hectares of land for rubber farming to land for industrial activitiessince 2010. It plans to increase the coverage of industrial land from about10,000 hectares at the moment to more than 14,000 hectares in 2020, the leadernoted.
Makeev thanked the provincial authority fortheir support of ROSTEC, saying the group wants to continue operating in BinhDuong.
ROSTEC looks forward to more assistance fromthe province in the future, he added.-VNA
VNA
