The southern Lao province of Champassak and the Vietnam National Coffee Corporation (Vinacafe) have signed an agreement to develop coffee production in the area.
Under the agreement, Vinacafe will lease 1,000 hectares of land to grow coffee with an initial investment of about 5 million USD. The location will be in the Boloven highlands of the province’s Pakson district.
The project will not only boost two-country trade cooperation, but also create thousands of jobs for local people whilst contributing to poverty reduction in the region.
The province exported over 34,000 tonnes of coffee worth 83 million USD in the 2012-2013 period.
European and Japanese customers particularly like the taste of coffee originating from the Boloven highlands.-VNA
Under the agreement, Vinacafe will lease 1,000 hectares of land to grow coffee with an initial investment of about 5 million USD. The location will be in the Boloven highlands of the province’s Pakson district.
The project will not only boost two-country trade cooperation, but also create thousands of jobs for local people whilst contributing to poverty reduction in the region.
The province exported over 34,000 tonnes of coffee worth 83 million USD in the 2012-2013 period.
European and Japanese customers particularly like the taste of coffee originating from the Boloven highlands.-VNA
