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IFC and Deutsche Bank bankrolling Vietnamese land grabs in Cambodia and Laos

2013-05-13 02:20:00| Climate Ark Climate Change & Global Warming Newsfeed

Global Witness: The International Finance Corporation (IFC) and Deutsche Bank are financing Vietnamese rubber companies driving a wave of land and forest "grabs" in Cambodia and Laos, according to a new report and film by Global Witness. The report, Rubber Barons, reveals how a pervasive culture of secrecy around plantation investments in the region has allowed two of Vietnams largest companies, Hoang Anh Gia Lai (HAGL) and the state-owned Vietnam Rubber Group (VRG), to acquire more than 200,000 hectares of...

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