Construction of a rubber latex producing plant with an annual capacity of 15,000 tonnes broke ground in Pakse district, Champassak province, Laos on March 10.
Prominent among the guests at the groundbreaking ceremony were Champassak province’s Deputy Governor Somsanit Buttivong, Vietnam ’s Consul General in Laos Bui Quang Hoang and other high-ranking officials of the two countries.
Located in the material area of Vietnam-Laos Rubber Joint Stock Company, the 13-hectare plant, the first of its kind in Champassak province, will be built at a cost of 68 billion VND (roughly 3.6 million USD) and equipped with modern and comprehensive facilities to ensure high-quality products.
It is expected to be operational within seven months and provide its first products by the end of this year.
Addressing the ceremony, Somsanit Buttivong said the project helps generate more jobs for ethnic people in the province, contributing to poverty reduction and economic development in the province in particular and in Laos in general.
The project not only exemplifies fruitful cooperation between the company and the Lao province but also contributes to bolstering friendship between the two countries, he said./.