Laos in the Hunt for Vietnamese Cash

HANOI, July 5 Asia Pulse - The provincial authority of Sekoong in Laos will issue new incentives to attract foreign direct investment from Vietnam, according to Lao authorities.

Lieng Khamphoune, deputy governor of Sekoong Province, said last week that Sekoong would attract investment in rubber cultivation, animal breeding, electric power generation and mining.

Two years ago, several Vietnamese investors applied for projects in agricultural production, mainly rubber cultivation. Sekoong has more than 10,000 hectares under rubber cultivation.

To make Sekoong attractive for foreign investment, the provincial authority has committed to provide land for rubber cultivation projects.

Khamphoune said investors in the agricultural production sector are responsible for capital, technical know-how and marketing, while the provincial authority is responsible for land and labour supply.

Sekoong Province has a 250 km border line with Vietnam's central provinces of Kon Tum, Quang Nam and Thua Thien-Hue.

(VNA)

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