Vietnam makes effective rubber investment in Lao province
2018-01-15 10:23:51 / Vietnam Plas (HCM)
Hanoi (VNA) – Twelve years ago, Bachiang was one of the most disadvantaged districts in Laos’ southwestern province of Champasak.
Since the Vietnam-Laos rubber company invested in growing rubber trees in Bachiang in 2005, local living standards and infrastructure have improved rapidly.
The company has created jobs for 3,000 locals and promoted social welfare 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 Nguyen Tuan Dung said the company has used part of its annual profits to build schools, roads, pagodas, markets and other facilities in Laos.
Vietnam is investing effectively in Champasak province, Vice Governor of the province Buasone Vongsongkhon has said.
Apart from investing in rubber cultivation, Vietnamese firms also build hospitals, schools and roads as well as help locals escape from poverty, he noted.
According to the Lao Ministry of Planning and Investment, as of 2016, Vietnam had more than 400 projects in Laos worth nearly 4 billion USD, focusing on hydropower, mining, transportation, planting industrial trees and services.
This has contributed to local development, generating jobs and increasing incomes for local people as well as tightening the friendship between the two countries.-VNA
Source: https://en.vietnamplus.vn/vietnam-makes-effective-rubber-investment-in-lao-province/123379.vnp
More News
- Taiwan Select Pavilion Presents 29 Exhibitors Across 378 sqm; Director-General Han Kuo-yao Visits VietnamPlas in Support Vietnam Plas (HCM) / 2026-09-09 15:51:07
- 【Early Bird Offer】2027 Asia Healthcare & Medical Cosmetology Expo | Exhibitor Registration Now Open! Asia Healthcare & Medical Cosmetology Expo / 2026-09-02 09:36:12
- 【Early Bird Offer】BIO Asia–Taiwan Exhibition 2027 | Exhibitor Registration Now Open! BIO Asia-Taiwan Exhibition / 2026-09-01 13:23:55
- CIMIF, CTG & CambodiaPlasPrintPack 2026: A Window into Cambodia’s Long-Term Market Potential CTG / 2026-08-28 14:21:34
- 【Application Closed】Foreign Buyer Incentive Program Now Open Taipei Int'l Industrial Automation Exhibition / 2026-08-03 10:48:23
- Beware of Fraud and Impersonation CPPP / 2026-07-23 14:02:37
- Chan Chao International and Vietnam Exposition Center (VEC) Officially Sign MOU Hanoi International Electronics and Smart Manufacturing Exhibition / 2026-07-07 09:32:00
- Chan Chao International and Vietnam Exposition Center (VEC) Officially Sign MOU Hanoi Print Pack / 2026-07-07 09:31:07
- Booth registration for ATLife 2027 opens now! Assistive Technology for Life / 2026-06-29 09:31:55
- Look At my P.P.P.I.C Hanoi International Electronics and Smart Manufacturing Exhibition / 2026-06-19 10:29:21
- Look At my P.P.P.I.C Hanoi Print Pack / 2026-06-19 10:10:14
- Intelligent Asia Hanoi 2026 | TAIWAN SELECT — Electronics & Smart Manufacturing Hanoi International Electronics and Smart Manufacturing Exhibition / 2026-06-15 15:19:13
- FREE SHUTTLE BUS SERVICE FOR GROUP VISITORS TO EXHIBITIONS IN HANOI Hanoi International Electronics and Smart Manufacturing Exhibition / 2026-05-12 09:59:54
- FREE SHUTTLE BUS SERVICE FOR GROUP VISITORS TO EXHIBITIONS IN HANOI Hanoi Print Pack / 2026-05-12 09:57:44
- Get Ready for BTKG 2026 – Event Schedule Revealed! Bangladesh International Textile, Knitting and Garment Industry Exhibition / 2026-05-08 17:02:16
- BTKG 2026 Pre-show Press Conference Bangladesh International Textile, Knitting and Garment Industry Exhibition / 2026-04-25 20:34:34
- On-Site Activity - Halls Hunter Bangladesh International Textile, Knitting and Garment Industry Exhibition / 2026-04-23 15:37:15
- On-Site Activity - Post & Pour Bangladesh International Textile, Knitting and Garment Industry Exhibition / 2026-04-15 15:17:18
- Transforming Next-Gen PCBs: Advancements in Materials, Processes, and Innovation Intelligent Asia Thailand / 2026-03-03 12:49:31
- IPF Bangladesh 2026 Sets New Milestone with 29,274 International Visitors Bangladesh Int'l PLASTICS, PRINTING & PACKAGING Industry Fair / 2026-02-25 16:23:37