Archive for the ‘Industry and trade / ອຸດສາຫະກຳ ແລະ ການຄ້າ’ Category
December 7th, 2018
Vientiane Times, December 7, 2018
Laos’ economy will be surveyed by collecting data and registering all business units operating in the country to contribute to its socio-economic development.
The 1st National Steering Committee Meeting on Economic Census III in 2018 was held in Vientiane yesterday, which was chaired by the Deputy Prime Minister and Minister of Finance, Mr Somdy Duangdy.
November 5th, 2018
Vientiane Times, 31st October 2018
The government has ordered action to further improve the business environment and offer additional incentives aimed at boosting investment in special and specific economic zones (SEZs) amid growing competition in neighbouring countries.
A recent survey suggests that Cambodia, Myanmar and Thailand have also established SEZs and are offering greater incentives.
Thailand, for instance, is creating 10 special economic zones, many of which are located along its border with Laos, according to the survey, which was carried out by the National Economic Research Institute (NERI).
January 3rd, 2018
ຂ່າວໂດຍ: Lao post, ວັນທີ 3 ມັງກອນ 2018
ປະຈຸບັນໂຄງການພັດທະນາເຂດ ເສດຖະກິດພິເສດມະຫານະທີສີພັນດອນ ແມ່ນໄດ້ສຳເລັດການສຳຫຼວດ ແລະຈະລົງມືກໍ່ສ້າງໃນປີນີ້ ໂດຍມີເນື້ອທີ່ທັງໝົດ 9,8 ພັນເຮັກຕາ ມີມູນຄ່າການລົງທຶນຫຼາຍກວ່າ 9 ຕື້ໂດລາ ຊຶ່ງຈະສ້າງໃຫ້ສຳເລັດທຸກຮູບແບບໃນປີ 2050 ຂະນະທີ່ມີຜູ້ໄດ້ຮັບຜົນກະທົບຈາກໂຄງການທັງໝົດ 100 ກວ່າຄອບຄົວ.
ອີງຕາມແຫຼ່ງຂໍ້ມູນຈາກໜັງສືພິມຈຳປາໃໝ່ລະບຸວ່າ: ໃນວັນທີ 29 ທັນວາຜ່ານມາທີ່ພະແນກແຜນການ ແລະການ ລົງທຶນແຂວງຈຳປາສັກ ໄດ້ມີກອງປະຊຸມ ຜ່ານຮ່າງບົດວິພາກປະເມີນຄວາມເປັນ ໄປໄດ້ທາງດ້ານເສດຖະກິດເຕັກເຕັກ, ແຜນແມ່ບົດປະເມີນຜົນກະທົບຕໍ່ສິ່ງແວດລ້ອມ ແລະສັງຄົມຂອງໂຄງການດັ່ງກ່າວ ຊຶ່ງໃນກອງປະຊຸມທ່ານ ສິດທິໄຊ ໄຊຍະວົງ ປະທານທີ່ປືກສາໂຄງການໄດ້ກ່າວ ວ່າ: ໂຄງການພັດທະນາເຂດເສດຖະກິດ ພິເສດມະຫານະທີສີພັນດອນ ມີເນື້ອທີ່ທັງໝົດ 9.800 ເຮັກຕາ ມີມູນຄ່າການລົງທຶນ ຫຼາຍກວ່າ 9 ຕື້ໂດລາ ໄລຍະເວລາຄືນທຶນ 33 ປີ ໂດຍສາມາດດຶງດູດນັກທ່ອງທ່ຽວ ໄດ້ຫຼາຍກວ່າ 15 ລ້ານຄົນ ຈະມີລາຍຮັບຈາກການທ່ອງທ່ຽວ 1,8 ຕື້ໂດລາຕໍ່ປີ, ສ້າງວຽກເຮັດງານທຳ ໄດ້ 1 ແສນຄົນ ໃນນັ້ນ ແມ່ນຈະໄດ້ສ້າງໂຮງແຮມ 5 ດາວ ແລະກາຊິໂນຫຼາຍກວ່າ 35 ແຫ່ງ, ສ້າງລາຍຮັບຈາກການປັນຜົນ ແລະພາສີອາກອນໃຫ້ລັດຖະບານ 200 ລ້ານໂດລາຕໍ່ປີ.
December 22nd, 2017
Vientiane Times: December 19, 2017
Yunnan province, China: — Laos is strengthening cooperation with China and the Mekong countries by supporting the five-year strategic plan from 2018-2023 which was approved at last week’s 3rd Lancang-Mekong Cooperation (LMC) Foreign Ministers’ meeting.
A Lao delegation attended the meeting held in Dali, southwest China’s Yunnan province, from December 14-16, led by Minister of Foreign Affairs Mr Saleumxay Kommasith.
August 7th, 2017
Source: Xinhua, August 2, 2017. Editor: Zhou Xin
VIENTIANE, Aug. 1 (Xinhua) — Lao government has given the green light for a Chinese company to conduct a feasibility study on developing the Khonphapheng Special Economic Zone (SEZ) in southern Laos’ Champassak province, local media reported on Tuesday.
The Chinese company had informed authorities that it wants to invest 10 billion U.S. dollars to develop the SEZ, some 580 km south of capital Vientiane, the Deputy Governor of Champassak, Buasone Vongsongkhone told Lao state-run media Vientiane Times.
If the project is realized, it will become the largest investment venture in Champassak province and potentially the country.
A memorandum of understanding was recently signed between the government and the Chinese company, Guangdong Yellow River Industrial Group, in Vientiane, Vientiane Times online reported Tuesday. The move will allow the company to conduct a feasibility study for this project as well as project designs and other activities within six months.
“If the study is positive, we can move forward on a concession agreement which will allow the company to develop the project,” Buasone said on Monday.
Khonphapheng waterfall and the surrounding area are designated for development as a new town that will focus on tourism.
The Chinese company’s study will identify business activities and tourism facilities to facilitate the growth of tourism in Laos. This would include hotels, restaurants, a trade center and other tourism-related businesses.
In July 2015, the government approved the development of Khonphapheng and the surrounding area, also known as Siphandone (the 4,000 islands region), as a new SEZ.
Even before the government’s approval, investors from China, South Korea, Singapore and the Philippines had expressed initial interest in the zone.
Khonphapheng, located in Khong district, is the largest waterfall in Southeast Asia and attracts thousands of visitors every year. Nevertheless, more facilities are needed to attract more tourists.
Officials said the waterfall, close to the Laos-Cambodia border, is a suitable location for developing the SEZ as it would bring more businesses to the area.
The provincial authorities have allocated more than 7,000 hectares for the potential development, which would be divided into four zones: Zone A (480 hectares), Zone B (797 hectares), Zone C (2,120 hectares) and Zone D (3,678 hectares).
July 17th, 2017
Source: Vientiane Times, July 15, 2017
Construction of the Laos-China railway project is progressing as scheduled despite some work requiring a pause due to the rainy season, officials in charge said.
Work on boring tunnels is carrying on, project coordinator for Luang Namtha province Mr Chanthachone Keolakhone told Vientiane Times via telephone on Wednesday.
Mr Chanthachone said Lao and Chinese officials had worked hard to bore tunnel entrances before the rainy season so that rainfall would not delay construction.
Naturally, work inside the tunnels can be carried out without little regard to weather conditions outside.
Mr Chanthachone said that all three tunnels are being bored with the Boten Tunnel having progressed the furthest at more than 120 metres.
The Teentok Tunnel is gathering steam at 45 metres in length to date.
The Laos-China Friendship Tunnel, crossing the Laos-China border has seen more than 55 metres of progress thus far.
Mr Chanthachone said construction of bridges and roads related to the project are now on pause until rains end.
Construction may not meet the standards if we continue to work due to the rainfall, he said.
In particular, the preparations to drill the foundations for a bridge connecting Luang Namtha and Oudomxay provinces had to be halted.
In Oudomxay province, the project coordinator Mr Phonpadith Phommakit told Vientiane Times on Wednesday that work on around 34 tunnels is still ongoing.
Currently, some nine of 34 tunnels have been bored and are on now track, while some works of roads and bridges are also on pause due to the rainfall.
In Vientiane, project coordinator Mr Souneth Luangsouphom said officials have continued to remove barriers and to develop areas for the construction since the project began in December last year.
At present, Chinese contractors had already developed a 15 km stretch in preparation for construction to date, he said.
A 7km-long bridge from Dongxiengdy to Nakhoun villages in Naxaithong district will be constructed after the seasonal rainfalls conclude, he said.
The planned 417-km railway to connect Vientiane to the Chinese border traverses the provinces of Vientiane, Luang Prabang, Oudomxay and Luang Namtha passing through 75 tunnels with a combined length of 197.83km.
The project has a total investment of 40 billion Chinese yuan (about US$6 billion), 70 percent of which comes from China, with 30 percent from Laos.
The project set to be completed by 2021 is seen to mark a significant milestone in the socio-economic and cooperation strategies of the two countries.
The project is linked to the ‘One Belt, One Road’ initiative proffered by Chinese President Xi Jinping and is expected to contribute to increased friendly relations and cooperation between the neighbours and Asean as a whole.
The Lao government places great importance on the realisation of the project which is part of a planned regional railway linking southern China to Singapore via Laos, Thailand and Malaysia.
Laos also attached great importance to and is seriously examining opportunities per the One Belt and One Road, which provides clear goals of comprehensive cooperation between countries of the region and contributes to the promotion of a higher level of connectivity in policies, infrastructure, trade and investment, finance, society and culture.
May 3rd, 2017
Source: Vientiane Times
Date: May 3, 2017
By Time Reporter
Over 20 new investment projects worth millions of US dollars have been proposed to Khammuan provincial authorities by Vietnamese entrepreneurs, pending official approval.
A senior official from the Khammuan provincial Department of Planning and Investment, MrXaysanaKhotphouthone, told Vientiane Times yesterday that Vietnamese investment is booming in Khammuan, notably in the mining sector.
“The 20 new proposals submitted by Vietnamese investors are mega projects worth millions of dollars and we are considering various aspects of their proposals, particularly funding,” MrXaysana said.
“There are two main reasons why Vietnamese are coming to invest here. One is that Khammuan has abundant mineral resources including potassium, lead and gold. The second is that Laos and Vietnam are neighbours, which makes the import-export process easier.”
Vietnam is currently ranked the second largest foreign investor in Khammuan after China. So far, 19 investment projects worth over US$500 million have been carried out by the Vietnamese.
Most of their investments are in the mining sector, particularly the excavation of potassium, lead and other minerals.
However, timber for export is one sector that has become unpopular since the province enforced the Prime Minister’s Order No. 15 issued on May 13. The order bans the export of all types of unfinished wood products including timber and logs, and is considered a significant move in the battle to clamp down on the illicit timber trade.
While the mining sector is increasingly popular among foreign investors in the province, agriculture has not grown as anticipated with only a few investors building factories to process crops for export.
Critics say it’s vital to create more favourable conditions and incentives to increase investment and exports in the agriculture sector as this would drive economic growth in the long run since minerals will one day be exhausted.
In the recent past, investment from Vietnam decreased slightly as many entrepreneurs encountered financial difficulties, affecting the sector.
During the first visit made by Vietnam’s Prime Minister Nguyen XuanPhuc last week in response to an invitation from his Lao counterpart MrThonglounSisoulith, the two premiers witnessed the signing of nine agreements.
One of those agreements was the signing of the VungAng seaport development joint venture in Vietnam’s central Ha Tinh province.
Deputy Head of the Khammuan provincial Administrative Office, MrVannavongVongphachanh, said minerals from Khammuan were mainly exported through the VungAng port to Vietnam and China.
This is the shortest route to a seaport from Laos. Since the opening of the third Friendship Bridge in November 2011, linking Thakhaek district in Khammuan province to Thailand’s NakhonPhanom province across the Mekong, more goods have been transported along this route.
April 26th, 2017
Source: Xinhua, 26/4/2017
VIENTIANE, April 26 (Xinhua) — Lao Ministry of Agriculture and Forestry has signed a Memorandum of Understanding with China’s Xuanye (Lao) Co., Ltd/AVIC International Beijing Co., Ltd on a modern agricultural industrial park project in Laos.
The agricultural industrial park will serve as a supporting project to the under-construction China-Laos railway, building a regional center of agricultural products trading, warehousing and logistics hub platform.
Speaking at the signing ceremony on Tuesday, Lao Minister of Agriculture and Forestry Lien Thikeo said since the launching of the Chinese-proposed Belt and Road Initiative, many Chinese enterprises have come to invest in Laos with constructive proposals, providing new impetus and direction of development to Laos to turn the country from a land-locked to a land-linked country.
The ministry is expected to cooperate with Xuanye to build a demonstration of modern agricultural industrial park in Laos, with the construction of the China-Laos railway to deepen bilateral trade cooperation and accelerate the transformation of Lao agricultural sector.
Previously, local government of Lao central Savannakhet province signed an agreement with Xuanye on a 2,000-hectare plantation demonstration.
After over two years, the demonstrative plantation zone is helping export Lao rice to China, and through the implementation of Chinese standards and technology, the farmers are changing the habit of slash-and-burn cultivation with low yield while maintaining the “green and organic” characteristics of Lao rice.
Chairman of Xuanye (Lao) Co., Ltd Xu Guowu said that the Belt and Road Initiative has refreshed the China-Laos cooperation with a new international cooperation platform, helping many developing and under-developed countries to enter the “fast lane” of development.
Both sides will conduct research later mainly on China’s agricultural technology and its market demand for Laos’ organic eco-agricultural products, technology innovation cooperation in Laos.