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Posts Tagged ‘China’

Lao companies to benefit from railway project: Officials

Source: Vientiane Times,April 21, 2017

http://www.vientianetimes.org.la/FreeContent/FreeConten_Laocompanies.htm
Officials in charge have confirmed that Lao construction companies will benefit from the almost-US$6 billion railway project linking Vientiane to the Chinese border.

Director of the Laos-China Railway construction project and Director of the Lao National Railway Company, Dr Koung Souk-Aloun, told Vientiane Times on Wednesday that a list of 59 companies has been submitted to the Chinese side for selection.

�We have sent them [the Chinese side] 59 companies, not 20 companies. The selection process is underway and hopefully Lao companies will be hired to undertake some of the work on the railroad project,� he said.

Land concessions for development continue in Vientiane

Vientiane Times, March 30, 2016.

The Vientiane Planning and Investment Department reports that it has approved land concession agreements for local and foreign investors from 2010 until the present totaling more than 7.65 trillion kip (almost US$945 million) and the figure is expected to keep increasing.
The department reported recently that it had approved investments of 1,488.33 hectares for 39 development projects in the districts of Xaysettha, Chanthabouly, Sikhottabong, Sisattanak, Xaythany, Hadxaifong, Naxaithong and Sangthong.

Rubber prices may decrease in Luang Namtha

Vientiane Times, 23 April 2015

Some 500 to 600 hectares of rubber plantation in Sing district, Luang Namtha province are currently being destroyed by the owners of the plantations due to the slump in prices, according to a trade official. The rubber price on the world market has continuously declined over the past few years and consequently the rubber price in Laos has crashed as well.

Illegal timber trade tops 2014 economic police cases

Vientiane Times, February 17, 2015

The illegal trade in timber topped all cases uncovered in 2014 by the economic police or police in charge of economic-case affairs, an official report showed. In 2014, the economic police registered 391 illegal cases nationwide including 169 that involved the illegal trade of timber, which made it top of the list. Fraud in relation to citizens’ assets was the runner up with 124 cases recorded over the year, according to a local newspaper published by the Ministry of Public Security.  The 391 total saw a drop of 36 compared to the total cases registered in 2013, according to the newspaper, citing a report presented at the annual meeting of the economic police held last week.

Champassak moves towards ‘land as equity’ project model

Vientiane Times, 14 Jan 2015

Champassak provincial authorities will move to promote investment projects that allow entrepreneurs and villagers to jointly hold shares in the ventures concerned, aiming to promote fairer projects that benefit villagers as well as investors. Importantly, the ‘land-as-equity’ model will see local villagers retain the land ownership rights in the event that the venture falls over.Under this form of the project, local villagers will use their land plots as shares while the investors will provide the funding, technical expertise and marketing.

Laos needs committee to manage rubber pricing

Vientiane Times, 06 Dec 2014

The price of rubber in Laos will continue to suffer as the country has not yet established a national committee for management of the commodity or an association for price negotiation. The major regional markets still depend on Thailand, Malaysia and Indonesia because these countries have large numbers of rubber plantations and so regional pricing is largely based on them, the National Agriculture and Forestry Research Institute Director, Dr. Bounthong Bouahom told Vientiane Times yesterday.

Rubber export revenue rises despite persistent low prices

Vientiane Times, 28 November 2014

The country’s income from the export of rubber products increased substantially this year despite the crisis in rubber pricing in the world market. In the last fiscal year the country earned about US$96.7 million from rubber exports to China, Vietnam and Thailand, of which only US$37 million had come in the first six months according to the Agriculture Department of the Ministry of Agriculture and Forestry.The price of rubber in the country has currently dropped to just over 4,000 kip, while varying between 7,000 and 8,000 kip at beginning of the year. After the number of rubber trees that were mature enough to tap had increased substantially, rubber went to the top of the list of Lao agricultural exports as the highest revenue earner.

VN’s timber ‘ban’ has a catch

Phnom Penh Post, Thu, 6 November 2014

Vietnam’s announcement that it would temporarily suspend the import and re-export of unprocessed timber from Cambodia and Laos may not benefit the Kingdom’s forests as much as it may seem, experts on the timber trade told the Post yesterday. Vietnam’s Ministry of Industry and Trade, which declined to comment immediately for this article, made the announcement in a circular released Tuesday, which takes effect on December 8.

Vietnam to ban timber imports

Phnom Penh Post, Wed, 5 November 2014

Vietnam will be enacting a “temporary suspension” of timber imports and re-exports sourced from natural forests in Cambodia and Laos, according to a government circular from the country’s Ministry of Industry and Trade. The circular takes full effect on December 8 but does not indicate when the suspension will end. Officials from the Ministry of Industry and Trade did not reply to requests for comment.

Rubber becomes top export earner

Vientiane Times, 9 Oct 2014

In the first six months of this year rubber reached the top of the list of Lao agricultural exports as the highest revenue earner after the number of rubber trees mature enough to tap increased substantially. The country exported about 16,650 tonnes of unfinished and raw rubber products to China, Vietnam and Thailand and received almost US$37 million according to an official Agriculture Department report. Other major agricultural export earners were sweetcorn, 186,000 tonnes worth US$36 million; coffee, over 7,000 tonnnes worth almost US$16 million and cassava, 50,000 tonnes worth about US$12 million.

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