Tin Nghia company to enhance business cooperation in Laos

11:09, 05/09/2007

Tin Nghia one-member limited liability company will enhance business cooperation in Laos according to the suggestion of Lao President Chumali Saynhason in his visit to Dong Nai last year; this is also part of the 2006-2010 economic cooperation programme between the Lao and Vietnamese governments, said Deputy General Director of Tin Nghia Company Cao Ngoc Duc.

Tin Nghia companys delegation makes a survey in Champassak province

Tin Nghia one-member limited liability company will enhance business cooperation in Laos according to the suggestion of Lao President Chumali Saynhason in his visit to Dong Nai last year; this is also part of the 2006-2010 economic cooperation programme between the Lao and Vietnamese governments, said Deputy General Director of Tin Nghia Company Cao Ngoc Duc.

 

Tin Nghia Company oriented itself towards a multi-industry company with a host of diversified business lines. The company, in the recent time, has made surveys in Laos’ Champassak province where has a favorable climate and fertile land suitable for the cultivation of coffee and rubber. Therefore, Tin Nghia made a decision to invest US$30 million in projects of planting coffee and rubber in Champassak. Accordingly, the company will rent 12,000 ha of uncultivated land in Champassak province for growing coffee and rubber. According to the plan, 400 out of 2,000 ha of coffee will be grown on September, and 1,500 of 10,000 ha of rubber will be planted in the fourth quarter.

 

Besides the projects under implementation, Tin Nghia company is planning to invest in industrial parks, residential areas, and petrol business in Paksé city of the Champasak province in the next time.

Reported by Phuong Lieu