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Chinese firm signs MoU on agriculture development project in Laos

Abstract : 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.

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. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: Chinese firm signs MoU on agriculture development project in Laos

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