Chinese firm signs MoU on agriculture development project in Laos

Xinhua
08 Apr 2021, 12:14 GMT+10

VIENTIANE, April 8 (Xinhua) -- A chinese company, Jiarun Agricultural Development Co., Ltd. and the Lao Ministry of Planning and Investment have signed a Memorandum of Understanding (MoU) on the feasibility study for a forest restoration and ecological agriculture development project in southern Laos.

Xie Fei, chairman of the Chinese company and Khamchanh Vongsaenboun, Lao deputy minister of planning and investment, signed the MoU on Wednesday with the attendance of representatives from both sides.

According to the MoU, the company will conduct the feasibility study for the forest restoration and ecological agriculture development project in 5,000 hectares of land in Sanamxay district of Attapeu province, some 560 km southeast of Lao capital Vientiane.

Xie said that the project will create over 50,000 local jobs, which will effectively promote the local economy and the living standards of local people.

"The company will cooperate with the Lao side, with combined advantages and mutual benefits," Xie told Xinhua on Thursday, adding that his company has arranged budget to donate 20 schools and 20 clinics or medical centers to the local community in the coming five years.

The Chinese businessman said the Lao project is the first that his company has engaged in upon the call of Belt and Road Initiative. "Thus, we will try best to accomplish it with high quality and satisfaction among the local communities," Xie said.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Vietnam Tribune.

More Information

null in null

Southeast Asia

Section

Trump signals progress on India Trade, criticizes Japan stance

WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...

UN Demands End to Myanmar Violence as Junta’s Election Plans Risk Further Instability

Nearly three months after a devastating earthquake struck Myanmar, the country remains trapped in a deepening crisis, compounded by...

BRICS outperforming G7 Putin

The groups combined GDP is $20 trillion greater than that of the Western bloc, the Russian president has said BRICS has already outstripped...

Modi calls on BRICS nations to condemn terrorism

The summit declaration denounced the recent terrorist attack in Kashmir that triggered a military escalation between India and Pakistan...

"Bravehearts of Indian Armed Forces damaged, destroyed and dismantled "territory of terrorism": Mukhtar Abbas Naqvi

Prayagraj (Uttar Pradesh) [India], July 6 (ANI): Former Union Cabinet Minister and senior BJP leader Mukhtar Abbas Naqvi on Sunday...

Condemning terrorism should be our 'principle', not just 'convenience': PM Modi at BRICS summit

Rio de Janeiro [Brazil], July 6 (ANI): Prime Minister Narendra Modi, during the 17th BRICS Summit on Sunday, asserted that condemning...

International

Section