Vietnam is investing effectively in Champasak province, according to Vice Governor of the province Buasone Vongsongkhon (Illustrative image. Source: VNA)Hanoi (VNA) – Twelve years ago, Bachiang wasone of the most disadvantaged districts in Laos’ southwestern province of Champasak.
Since the Vietnam-Laos rubber company invested in growing rubber treesin Bachiang in 2005, local living standards and infrastructure have improvedrapidly.
The company has created jobs for 3,000 locals and promoted socialwelfare policies to improve people’s lives.
It also helped farmers adopt new techniques to increase productivity.
Deputy director and Chairman of the trade union of the company NguyenTuan Dung said the company has used part of its annual profits to buildschools, roads, pagodas, markets and other facilities in Laos.
Vietnamis investing effectively in Champasak province,Vice Governor of the province Buasone Vongsongkhon has said.
Apart from investing in rubber cultivation, Vietnamese firms also buildhospitals, schools and roads as well as help locals escape from poverty, henoted.
According to the Lao Ministry of Planning and Investment, as of 2016, Vietnam had more than 400 projects in Laos worthnearly 4 billion USD, focusing on hydropower, mining, transportation, plantingindustrial trees and services.
This has contributed to local development, generating jobs andincreasing incomes for local people as well as tightening the friendship betweenthe two countries.-VNA
VNA
