Business

Vietnamese company builds plant in Laos

The groundbreaking ceremony for a Vietnamese-invested factory to manufacture starch from cassava was held in the Lao province of Bolikhamxay on Mar.12.
The groundbreaking ceremony for a Vietnamese-invested factory tomanufacture starch from cassava was held in the Lao province ofBolikhamxay on Mar.12.

Attending the ceremonywere the Governor and Provincial Party Secretary for BolikhamxayProvince , Pannoi Mani and the Vietnamese Ambassador to Laos Ta MinhChau, along with several other officials from both countries.

When giving his opening address, Governor Mani thanked Vietnam forthe support it has given to Bolikhamxay province over the years and forsetting up the factory, which he described as an excellent example ofthe friendship and solidarity between Vietnam and Laos .

Ambassador Chau said that this essential project by Thanh Hoa GeneralMaterials Company will add to the celebrations for Vietnam-LaosSolidarity Year in 2012, and will be a great help to the province'seconomy, while enabling the local community to improve their standard ofliving.

Built on a 26.78 ha site, the factory has acapacity of producing 100 tonnes of starch per day. Once completed andin operation, in 18 months, the plant will employ over 100 local peopleand benefit the area immensely.-VNA
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