Business

Vietnamese projects in Lao locality highly valued

The wave of Vietnamese investments in Attapeu has helped to draw more capital to the Lao province, a local official has said.
Vietnamese projects in Lao locality highly valued ảnh 1Xekaman 1 hydropower project is one of the first energy projects in Attapeu. (Photo: VNA)
Vientiane (VNA) – The wave of Vietnameseinvestments in Attapeu has helped to draw more capital to the Lao province, alocal official has said.

Attapeu’s Deputy Governor Thanousay Bansalth toldthe Vietnam News Agency that the province is home to many Vietnamese projects,notably the Xekaman 1 hydropower project, and those by Hoang Anh Gia Lai Groupand Truong Hai Auto Corporation, which have contributed to job generation andexport in the locality.

Regarding Xekaman 1, Bansalth said it is one of thefirst energy projects in Attapeu, noting it has played a role in economicdevelopment in the province and Laos at large.

The official spoke highly of Vietnamese agricultureprojects using cutting-edge, sustainable technologies such as TTC Attapeu SugarCane Sole Co,.Ltd, whose high-quality organic products satisfy standards forexport to Europe.

Apart from generating high economic values, theproject has contributed to environmental protection and offered an effectivecooperation model between the business and local farmers, according to Bansalth.
The official expressed his hope that the Vietnameseinvestments will create an important foundation for Attapeu to spur itseconomic development and raise living standards of local residents, andcontribute to tightening the great friendship, special solidarity and comprehensivecooperation between the two countries./.
VNA
#Attapeu #Hoang Anh Gia Lai Group #Truong Hai Auto Corporation #TTC Attapeu Sugar Cane Sole Co #.Ltd #Laos #Vietnam #VietnamPlus #Vietnam news Laos
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