Business

Vietnam to plant more industrial crops in Laos

Vietnam and Laos will put into action a joint 38 million USD project to plant rubber trees and other industrial crops in Xaychamphone district in Bolikhamxay province, Laos.
Vietnam and Laos will put into action a joint 38 million USD projectto plant rubber trees and other industrial crops in Xaychamphonedistrict in Bolikhamxay province, Laos.

Laos’ Deputy Minister of Planning and Investment Thongmi Phomvisay and theDirector General of Vietnam ’s Thanh Thanh Dat Company, Tran QuangLuan, signed a memorandum of understanding on October 28 in the Laotiancapital Vientiane , under which both parties will study the area andthe project’s feasibility.

The project will utilise9,900 ha of land and also build a rubber latex processing plantfollowing environmental requirements, using local labour, said DirectorGeneral Luan.

Apart from this project, the companyhas already carried out a number of ventures in Bolikhamxay province anda social welfare programme in other parts of Laos./.
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