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.

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

The project will utilise 9,900 ha of land and also build a rubber latex processing plant following environmental requirements, using local labour, said Director General Luan.

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