Vietnamese projects in Lao locality highly valued
The wave of Vietnamese investments in Attapeu has helped to draw more capital to the Lao province, a local official has said.
Attapeu’s Deputy Governor Thanousay Bansalth told the Vietnam News Agency that the province is home to many Vietnamese projects, notably the Xekaman 1 hydropower project, and those by Hoang Anh Gia Lai Group and Truong Hai Auto Corporation, which have contributed to job generation and export in the locality.
Regarding Xekaman 1, Bansalth said it is one of the first energy projects in Attapeu, noting it has played a role in economic development in the province and Laos at large.
The official spoke highly of Vietnamese agriculture projects using cutting-edge, sustainable technologies such as TTC Attapeu Sugar Cane Sole Co,.Ltd, whose high-quality organic products satisfy standards for export to Europe.
Apart from generating high economic values, the project has contributed to environmental protection and offered an effective cooperation model between the business and local farmers, according to Bansalth.
The official expressed his hope that the Vietnamese investments will create an important foundation for Attapeu to spur its economic development and raise living standards of local residents, and contribute to tightening the great friendship, special solidarity and comprehensive cooperation between the two countries.