Wednesday, December 13, 2006

Vietnam’s aloe wood draws foreign interest

Vietnam’s aloe wood draws foreign interest
17:30' 21/02/2005 (GMT+7)

Businesses from Japan, Laos and Thailand are interested in exploring the possibilities with the Vietnam Aquilaria Association (VAA) in growing, processing and marketing the Aquilaria Agallocha (aloe) wood tree.

The Japanese Organisation of Agricultural Development Associations (OADA) has agreed to fund the HCM City–based Phong Lan Company in opening a pavilion to sell artificial Aquilaria in Japan.

The VAA said it is seeking long-term and comprehensive contracts with businesses, both domestic and international, for developing the scented wood industry.

A centre for research and development of Aquilaria is in the making in Cu Chi District, on the outskirts of HCM City, where a 30ha nursery will be set up, the association announced.

Vietnam currently boasts an estimated 7,500ha of Aquilaria Agallocha trees in 23 provinces, expected to reach 30,000ha by 2010, according to the VAA.

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