VIETNAM: Tay Ninh revokes licences of rubber-processing projects

Two domestic investors, Thanh Liem and Hoan Cau Co in Tan Chau District, had funded the projects with VND25 billion or USD 1.19 million each. The two investors blamed their projects' slow implementation on difficulties in processing and selling rubber latex.

The fall in global rubber prices and the large volume of rubber stock in the province have forced one-third of the province's rubber processing plants to stop operations or not run at full capacity.

Source: Daily "Vietnam News”, Hanoi; 24 May 2014
(Syed Rashid ali, Karachi, Pakistan)