Posts Tagged ‘Vietnam’
December 21st, 2017
Vientiane Times, December 15, 2017
Authorities in Attapeu province have uncovered 180 cubic metres of illegal logs, which were buried underground, local media reported.
The discovery came after authorities carried out an inspection along the Lao-Vietnam border at the 766th and 770th border markers in the southern province, Attapeu Online, published by the provincial Administrative Office, reported yesterday.
The provincial administration has formed two task force teams to carry out the inspection along the border as well as in the Vang Tud and Nongkai-Ork mining project areas, a provincial official involved in the inspection affairs told Vientiane Times yesterday.
May 18th, 2017
Source: Vientiane Times, May 18, 2017
Work is gearing up for the planned building of a railway to connect Vientiane to the Vung Ang seaport in Vietnam after the two countries agreed to move forward with the project.
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.
March 30th, 2016
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.
June 6th, 2015
Vientiane Times, 6 June 2015
More and more wood is being smuggled across the border from Laos and Cambodia to the southwestern boundary of Vietnam, according to a Vietnamese media report on Thursday. Vietnamese smuggling prevention agencies were quoted in the VietNamNet online newspaper as saying they had discovered many consignments of wood illegally imported from the two countries.
June 4th, 2015
VietNamNet Bridge, 4 June 2015
More and more wood is being smuggled across the southwestern border. Smuggling prevention agencies said they had discovered many consignments of wood illegally imported from Laos and Cambodia across the border.
April 22nd, 2015
Vientiane Times, 22 April 2015
Twenty five overloaded trucks carrying timber from Laos into Vietnam have been fined a total of VND430 million (more than 161 million kip) after an eight-day inspection at weigh stations in Vietnam’s Nghe An Province, local media reported. The trucks, among the 200 that were checked, were reportedly carrying from five to 30 percent more than allowed capacity during April 8 – 15, the Vietnam Net reported last week. Local Deputy Chief Transport Inspector Phan Huy Chuong told the Vietnam Net that the trucks underwent checks on National Highway 7 when travelling to the province from the Nam Can border crossing.
April 20th, 2015
Vientiane Times, April 20,2015
Vietnamese traffic police in the central province of Nghe An have confiscated eight Lao-registered trucks allegedly laden with smuggled timber, Vietnam’s local media reported. The fleet was found parked on the roadside on National Highway 7 in Nghe An’s Chuong Duong district on April 7, Vietnam Breaking News reported on Saturday citing the Kien Thuc news website.
December 6th, 2014
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.