The investment projects, mostly in agricultural production, forestry, electricity networks, transport infrastructure, irrigation and health care, have contributed to the socio-economic development in Lao and Cambodian localities.According to Dak Lak provincial Department of Planning and Investment, the Dak Lak Rubber Investment JSC has carried out a project growing perennial industrial crops, such as rubber and coffee, in Laos with a total investment of nearly US$71 million.So far, the company has planted over 9,500 hectares of rubber and coffee trees, most of which are in the provinces of Champasak and Salavan. The project has generated jobs for over 2,000 Lao workers with monthly incomes of LAK2.5 million -LAK4 million.Meanwhile, in Cambodia, the Dak Lak Rubber Co., Ltd, Krong Buk Rubber JSC, and Ea H’leo Rubber Co., Ltd have been growing rubber trees on tens of thousands of hectares worth hundreds of millions of USD.Krong Buk Rubber Company plans to plant rubber on 9,000 … [Read more...] about Dak Lak businesses invest in CLV development triangle area
Area a triangle
Cambodia-Laos-Vietnam Development Triangle Area promotes investment
Do Nhat Hoang, Director of the Foreign Investment Agency under the Ministry of Planning and Investment, said Vietnam has so far invested US$3.6 billion in 113 projects in the area, including $1.6 billion in 48 projects in Cambodia and nearly $2 billion in 65 projects in Laos, mostly in agriculture and rubber production. Hoang asked relevant ministries and agencies in the three countries to refine legal regulations on business and investment, as also procedures regarding taxation, customs and labor, and prioritize transport infrastructure investment. Vietnam has so far invested US$2 billion in 65 projects in Laos, mostly Huynh Anh Minh, Vice Chairman of the Binh Phuoc People’s Committee, said that the Vietnamese provinces in the Cambodia-Laos-Viet Nam (CLV) Development Triangle Area have received great attention from local businesses. So far, 37 Vietnamese enterprises have invested in projects worth over $1 billion in these provinces, with Binh Phuoc, attracting $148 … [Read more...] about Cambodia-Laos-Vietnam Development Triangle Area promotes investment
Turning Da Lat into a great tourim center of the region and nation
(Cinet) – The Prime Minister signed Decision No. 1462/QĐ-TTg approving the overall plan for socio-economic development of Lam Dong province until 2020. The overall plan for socio-economic development of Lam Dong province until 2020 aims at turning Lam Dong province until 2020 a strong development one in the Highlands, with the tourism industry making up a high percentage in the economic structure, simultaneously striving for turning Da Lat into a great tourim center of the region and nation. The plan set a target for the annual average GDP economic growth in the 2011-2020 period of 14,5 - 15% and in the 2016-2020 period of 13,5-14%/year. For the tourism field, the plan specified, Lam Dong tourism should develop advantages and exploit climatic resources efficiently, making tourism a driving-force economic sector for a purpose that until 2020 the tourism industry makes up a percentage of 10% of the GDP structure and striving for turning Da Lat into a great tourim center of … [Read more...] about Turning Da Lat into a great tourim center of the region and nation
Vietnam-Laos-Cambodia triangle focuses on tourism
Vietnam , Laos and Cambodia have agreed on the need to develop tourism as a spearhead in boosting economic growth and reducing poverty in the three countries’ development triangle. The agreement, which also included the creation of favourable conditions for the triangular region that comprises 10 border provinces of Vietnam , Laos and Cambodia , was reached at the third meeting addressing trade, investment and tourism promotion in the Development Triangle, held in Champassak, Laos , on September 22. Vietnamese Minister of Planning and Investment Vo Hong Phuc joined Lao Minister of Planning and Investment Soulivong Daravong and Cambodian Secretary General of the Development Council Soun Sitthy in chairing the meeting, which brought together both state officials and businesspeople of the 10 localities in the Development Triangle. Minister Phuc described the three countries’ policy to develop … [Read more...] about Vietnam-Laos-Cambodia triangle focuses on tourism
Plan drafted to facilitate trade in CLV Development Triangle Area Most Recent News
NDO/VNA – A conference took place in the southern province of Binh Phuoc on December 15 to collect opinions on a plan designed to implement the Agreement on Trade Promotion and Facilitation in the Cambodia-Laos-Vietnam (CLV) Development Triangle Area. According to Le An Hai, deputy head of the Department of Asian and African Markets under the Ministry of Industry and Trade, the agreement was signed on November 23, 2016, after two years of negotiation. To date, Laos and Vietnam have ratified the pact, while Cambodia is still working on the ratification. The agreement presents special mechanisms to support poor localities in the triangle area and stimulate border trade. The Ministry of Industry and Trade is in charge of drafting the plan for the agreement’s implementation, which is expected to include trade promotion and facilitation activities, a mechanism to examine the realization of the parties’ trade commitments, as well as issues related to technical cooperation … [Read more...] about Plan drafted to facilitate trade in CLV Development Triangle Area Most Recent News
CLV Development Triangle Area meeting ends with success
The event was co-chaired by Vietnamese Minister of Planning and Investment Nguyen Chi Dung, Cambodian Minister of Commerce Pan Sorasak and Lao Minister of Planning and Investment Souphan Keomisay. The ministers approved recommendations submitted by the Senior Officials Meeting (SOM) of the CLV Development Triangle Area, and noted with satisfaction the implementation of the adjusted master plan on regional socio-economic development during 2010-2020, and the amended memorandum of understanding on special incentives in the area reached by the three countries. The 11th meeting of the CLV Development Triangle Area declared a success Lauding contributions of development partners to regional socio-economic development over the past time, the ministers asked competent agencies of the three countries to organize more conferences with the partners to mobilize financial support for priority projects in the area. They called for stronger CLV cooperation in such areas as … [Read more...] about CLV Development Triangle Area meeting ends with success
CLV Triangle trade still below potential: forum
Trade development in the Cambodia-Laos-Viet Nam (CLV) Development Triangle Area remains modest and unsynchronised, failing to match the potential for strategic co-operation between the three countries, speakers said at a forum on Monday. Workers produce electronics engine for export purposes to Cambodia, Laos and South Africa at the Toan Phat Mechanic Electric Technology Company Limited in the Northern Hai Duong Province. The 11th Trade and Tourism Promotion Forum of the CLV Development Triangle Area was held in the southern province of Binh Phuoc. It was among a series of events held under the framework of the CLV joint co-ordination committee to strengthen trilateral solidarity and traditional friendship.The forum served as a platform for the three countries’ policymakers to review the promotion of trade, investment and tourism in the area, disseminate new policies designed for their businesses and receive enterprises’ proposals.A representative from the Council for … [Read more...] about CLV Triangle trade still below potential: forum
CLV Development Triangle Area promotes trade, tourism
Visitors at the event (Photo VNA) The four-day event is part of the 11th meeting of the joint coordination committee of the area to strengthen the trilateral solidarity and traditional friendship. It features 100 pavilions showcased by businesses from Cambodia, Laos and Vietnam, including some localities in the southeastern region of Vietnam. The CLV Development Triangle Area was established in 1999, covering 13 provinces, including four of Cambodia, four of Laos and five of Vietnam. According to a representative from Vietnam’s Ministry of Industry and Trade, the fair introduces typical products of the area and enables businesses to share experience, promote brands, and seek partners as well as expand economic cooperation exchanges between the three countries. The host Binh Phuoc province has an excellent opportunity to introduce its potential and advantages to establish cooperative relations in development investment in the coming time. Vice Chairman of the provincial … [Read more...] about CLV Development Triangle Area promotes trade, tourism
Plan drafted to facilitate trade in CLV Development Triangle Area
According to Le An Hai, deputy head of the Department of Asian and African Markets under the Ministry of Industry and Trade, the agreement was signed on November 23, 2016, after two years of negotiation. To date, Laos and Vietnam have ratified the pact, while Cambodia is still working on the ratification. The agreement presents special mechanisms to support poor localities in the triangle area and stimulate border trade. The Ministry of Industry and Trade is in charge of drafting the plan for the agreement’s implementation, which is expected to include trade promotion and facilitation activities, a mechanism to examine the realization of the parties’ trade commitments, as well as issues related to technical cooperation and working coordination among ministries, sectors and localities. Participants, who are representatives from different government units and sectors, suggested widespread communications activities on the agreement to create unanimity among … [Read more...] about Plan drafted to facilitate trade in CLV Development Triangle Area
Subregional triangle committee to meet
BÌNH PHƯỚC — The joint co-ordination committee of the Cambodia-Laos-Việt Nam (CLV) Development Triangle Area will hold its 11th meeting in the southern Vietnamese province of Bình Phước from December 15-19. The Bình Phước People’s Committee said at a press briefing yesterday that the meeting’s agenda will discuss outcomes of the 10th meetings of the economic and the security and foreign affairs subcommittees, the ninth meeting of the locality subcommittee, and the meeting of working groups. Sidelines events will include a trade fair, the seventh regional youth forum and the 11th forum on trade promotion, investment and tourism. Implementation of the joint declaration after the 10th meeting will be reviewed and evaluated and measures discussed to enhance co-operation and sharing of information in economics, culture, education, environment, tourism and trade among localities. The meeting will also talk about ways to … [Read more...] about Subregional triangle committee to meet