New oil refinery expected to produce 100 million litres of fuel a year

Newly built Yodngeum Power Mix Fuel factory in Yodngeum village, Pek district, Xieng Khuang province is expected to produce 100 million litres of oil on an annual basis.

Minister of Industry and Commerce Khampheng Xaysompheng visited the factory last week.

Commenced in September 2021, the construction of the over 30-billion-kip factory is now fully completed and the factory is expected to begin its production soon, according to Vice President of Yodngeum Power Mix Fuel Processing Factory Uthan Tailithi.

With a storage capacity of 2.4 million litres of oil, the factory can process 100 million litres of petroleum products per year by mixing finished diesel with semi finished oil and some chemical in ratios of 60%, 39% and 1% respectively.

The company will also import gasoline to supply in the province and neighboring provinces through the Lao State Fuel Enterprise.

Source: Lao News Agency

Ministry of Industry and Commerce to speed up oil price adjustment

The Ministry of Industry and Commerce has said it will adjust oil prices earlier by announcing oil price adjustment 5-7 days after the world market announces its oil price change rather than currently 15 days.

“As for the issue, relevant authorities will attach importance to seeking solutions including reducing the national road management fund, and adjusting revenue and taxation rates according to fluctuating oil prices to ensure oil prices are adjusted step by step and in a systematic manner,” said Minister of Industry and Commerce Khampheng Xaysompheng.

Oil prices in Laos are determined by fluctuating prices in the world market which has kept rising since the beginning of 2022.

Oil prices have been adjusted six times since the beginning of 2022 with the latest one announced on Mar 10. The current oil prices place premium petrol at 18,640 kip per litre, regular petrol at 16,380 kip, and diesel 14,510 kip per litre.

The oil production limit by the Organization of the Petroleum Exporting Countries (OPEC), economic conflicts among world powers, and Russia-Ukraine conflict have led to a rise in oil prices in the world market with diesel reaching to 150 – 180 US$/barrel, the highest rate in a decade.

“In a meeting held last month, OPEC members agreed to increase oil production by 400,000 barrels per day,” said Minister Khampheng. “However, if economic and military conflicts remain, oil prices will continue to rise.”

Source: Lao News Agency

March 12 marks 100th day of Laos-China Railway’s launch

March 12 marks the 100th day of the launch of the Laos-China Railway with over 1.2 million tons of freight, including 200,000 tons of transit goods, transported by the railway.

Thirteen provinces and cities in China have operated over 360 international freight trains exporting goods to Laos, Myanmar, Cambodia, Thailand, Vietnam, Malaysia, Singapore, and Bangladesh.

In the meantime, over 1.8 million people have been transported by the Laos-China Railway.

“After the launch of the Laos-China Railway, the cost of transport between Vientiane and Kunming of China will be reduced by 40% to 50%. Meanwhile, the cost of transport in Laos will be reduced by 20% to 40%,” said Li Hong Qing, Deputy Director, Kunming East Railway Station, China Railway Kunming Group.

With the effectiveness of the Regional Comprehensive Economic Partnership – RCEP (1 January 2022), goods and passengers transported by the rail will rise constantly, according to Li Hong Qing.

Source: Lao News Agency

A Promising Model of China’s Poverty Alleviation

Chinese President Xi Jinping announced on February 25, 2021 that China has secured a complete victory in its fight against poverty with the final 98.99 million impoverished rural residents living under the current poverty line having all been lifted out of poverty, and all 832 impoverished counties and 128,000 villages having been removed from the poverty list.

This milestone calls for a new understanding of the country’s methods in ending poverty. Based on the national conditions, China has adopted a series of effective policies and measures by drawing on the joint efforts of the government, society and market to reduce poverty.

The implementation of targeted poverty alleviation measures intended to answer the questions of “To whom help and support will be offered”, “Who will offer help and support”, “How to offer help and support”, and “How to measure the end of poverty alleviation”.

Among the various methods, social assistance method has been attached great importance, which is the practice of Chinese traditional virtues of “helping each other”, “uniting all efforts for a common purpose” and “helping those in need”.

The political advantages of the socialist system bring together resources of the whole society and generate solidarity and joint actions.

Private enterprises, social organizations, and individual citizens are the new forces of poverty alleviation in China. Efforts such as the “Ten Thousand Enterprises Helping Ten Thousand Villages” campaign have created a variety of synergies in society.

Since 2016, the “Ten Thousand Enterprises Helping Ten Thousand Villages” Targeted Poverty Alleviation Action (Action) has been jointly decided by the All-China Federation of Industry and Commerce, the National Rural Revitalization Administration, and the China Society for Promotion of the Guangcai Programme. The Action defines private enterprises as helpers, and the registered poor villages as the recipients, mainly with methods of contract winning and village-enterprise joint construction.

In this way, it strives to mobilize over 10,000 private enterprises nationwide to participate and helps more than 10,000 poor villages to speed up the process of poverty eradication in three to five years, thus contributing to the healthy development of non-public sector and personnel in fighting against poverty and building a moderately prosperous society in all aspects.

The Action has three requirements:

First, the Action insists on government guidance, farmers’ principal part, departmental linkage, private enterprises’ assistance and social participation, and strives to realize the joint efforts of government, society and poor people’s self-reliance.

Second, the Action insists on precision of identification, assistance, management and assessment, with a focus on assisting households and individuals of registered poverty.

Third, the Action adheres to balancing justice and profit while prioritizing the former. It organizes private enterprises to help poor villages to establish a long-term mechanism of poverty alleviation, and strive to achieve a win-win cooperation for both villages and enterprises. Furthermore, all actions above should be conducted within limits of capabilities by enterprises in a conscious and voluntary way.

In response to this call, Chongqing Rail Transit Group (a transportation company of Chongqing Municipality directly under the Central Government) launched a series of poverty alleviation actions targeting Yunyang County of Chongqing.

Before 2015, poor villages accounted for 34% of the county’s 478 villages, with a poverty headcount ratio of 14.5%. Meanwhile, Yunyang was home to the second highest poverty population of Chongqing.

In recent years, Chongqing Rail Transit Group has made full use of its unique advantages, and has helped 29 impoverished households and 99 impoverished individuals in Xiehe Village of Yunyang County to be lifted out of poverty on schedule. With the assistance of Chongqing Rail Transit Group, Xiehe Village in Naixi Town, Yunyang County has transformed from a “shell village” in 2018 to a collective economic income of more than 800,000 yuan in 2020, ranking first among 447 village communities in Yunyang County in terms of total economic volume. Undoubtedly, it has achieved a positive transformation from poverty alleviation to revitalization.

According to Qin Min, Group member and secretary general of the Chongqing CPPCC (Chinese People’s Political Consultative Conference), poverty alleviation efforts from Chongqing Rail Transit Group to Yunyang County have the following features.

Since 2017, Chongqing Rail Transit Group has made fruitful efforts and consolidated the achievement, further contributing to the rural revitalization. In addition, the Rail Transit Group has dispatched a number of officials to carry out work in the village. For example, Luo Qiang was assigned as the First Secretary of Xiehe Village. All staff have taken an active part in poverty alleviation by consuming products and services from Xiehe Village of Yunyang County.

Propped up by company resources, exhibition and distribution channels for agricultural products in Xiehe Village have been constantly improved.

Specifically, poverty alleviation work from Chongqing Rail Transit Group can be divided into three parts.

The first is to utilize company’s publicizing advantages to promote development. Relying on its own enterprise resources, Chongqing Rail Transit Group utilizes the advantage of publicity and takes various measures such as building an “Internet + commerce” platform and creating local spokespersons to explore new exhibition and marketing channels for the agricultural products of poverty-stricken villages.

In 2013, the Group initiated poverty alleviation schemes, aiming to lift Yunyang county out of poverty. It decided on a policy over promoting intelligence and openness, and clarified specific plans including publicizing, field research and supporting actions. It has continuously carried out promotions of tourism and agricultural products, using advertising resources to build an all-round, multi-channel publicity carrier.

For example, more than 200 light boxes have been selected at airports, train stations and other high traffic stations to publicize tourism, agricultural products from Yunyang.

Thirty thousand one-way rail tickets are produced with images of selected unique attractions in Yunyang and videos about Yunyang special scenery are scrolled on over 16,000 PIS platforms in full-line network.

The official Wechat and Weibo account, and media like Urban Hit News sponsored by Chongqing Rail Transit Group, are used to publicize tourism, agricultural products and poverty alleviation work of Yunyang.

Up to now, Chongqing Rail Transit Group has invested around 350 million yuan of advertising market value for tourism resources in Yunyang County, purchased and sold about 12.5 million yuan of agricultural specialties on behalf of Yunyang County, making prominent contributions to the industrial development of the County.

The second part is to take social responsibility by exploring social resources. “Please take my song back to your home, please leave your smile…” This was the lovely singing from Xie Village Primary School at Children’s Day in 2020.

Chongqing Rail Group organized young volunteers together with children from Xiehe Village Primary School in Nixi Town, Yunyang County by making a video call. It was inconvenient for volunteers to celebrate Children’s Day with students due to stringent prevention measures of Covid-19.

Even in such situation, this kind of poverty alleviation work was still undertaken on time. This singing was also contagious to these young volunteers and they prepared all sorts of gifts such as bubble machines and school supplies. This special conversation is just one of many activities undertaken by Chongqing Rail Transit Group to enhance its responsibility.

Since 2018, Chongqing Rail Group has organized 10 batches of outstanding young volunteers with a total of 31 people to carry out voluntary teaching in Xiehe Village, teaching them English, calligraphy, painting and other courses.

They also set up the activity of a benevolent library corner and donate over 600 volumes of books to the school in order to arouse children’s passion for learning. Being a pioneer, Chongqing Rail Transit Group appeals to charitable enterprises and individuals for establishing poverty alleviation fund targeted at Yunyang County, with a total donation of 845,000 yuan. This fund is dedicated to care faculty and left-behind children in poverty-stricken areas. Meanwhile, charitable enterprises also fund Xiehe Village of Nixi Town with a total of 301,000 yuan.

The third part is the implementation of assistance from Party Construction Sector. Party Construction Sector of Chongqing Rail Transit Group plays an important role in social assistance. The measures are as follows.

• Set up poverty alleviation office in the Group;

• Research and design customized plans of poverty alleviation;

• Organize more than 20 forums and conferences on poverty alleviation;

• Conduct field research in poverty-stricken villages for over 30 times;

• Select and dispatch outstanding Party organizations at primary level to cooperate with Xiehe Village;

• Help Xiehe Village set up studying room and visiting corridor about Party history;

• Give books on Party Construction and poverty alleviation as gifts.

In September 2017, Chongqing Rail Transit Group assigned Luo Qiang as First Secretary of Xiehe Village. Luo Qiang visited every household and walked into every corner of the village to know about villagers’ obstacles. In the fourth year of his work, “he has transformed himself from an outsider to a reliable official for villagers.”

Lu Yun, a poverty-stricken household from Xiehe Village, said that Chongqing Rail Transit Group has played a key role in supporting Xiehe Village. They paid to repair road lights in the village and governed the environment including sewage treatment, pipeline maintenance and waste classifying, etc.

“I join the service company of the village to plant black fungus,” said Lu Yun. The Group also helps market the black fungus and there would be bonus for farmers in the end of the year. “I received a bonus of 400 yuan last year”, according to Lu Yun.

Officials from the county administration and the Group also show their deepest concern about grassroots. Xu Yuangqing in Xiehe Village, who was afflicted by mental disorder and hypertension, has stayed unemployed for years. He and his over-80-year-old mother are mainly supported by his wife doing farm work and his son being a migrant worker. Lack of work force, this family is in hot water. Before China’s Lunar New Year of 2020, leaders in Chongqing Rail Transit Group, together with Xiong Yumei, Vice-chairman of Yunyang County Political Consultative Conference, visited Xu Yuanqing and knew more about his family, health status, etc. They also brought some necessities such as oil and rice.

Among all cases about poverty alleviation by enterprises, Chongqing Rail Transit Group is just one of them. In the future, more poverty alleviation efforts will be made by the enterprises to revitalize the rural economy while fulfilling their social responsibility.

As the old Chinese saying goes, “Don’t give a man fish, teach him how to fish.” The poor are not merely recipients of poverty alleviation, but also agents of poverty elimination, and finally become self-reliable “fishermen”. The key to China’s success in defeating absolute poverty lies in the effective interaction and coordination between a top-down government leadership and bottom-up grassroots innovation.

Source: Lao News Agency

Lao and Chinese firms sign an agreement to export liquor to China

The Lao Agro Organic Industries Co., Ltd has signed a joint venture agreement with a Chinese company Beijing Xixiang Yulong Trading to export LAODI liquor products to China.

The signing took place in Vientiane on Mar 3 between Director of the Lao Agro Organic Industries Sihattha Rasaphon and Manager of the Beijing Xixiang Yulong Trading Tangsoupha Laotang.

The LAODI liquor products will be advertised online using ad platform of the Beijing Xixiang Yulong Trading.

“LAODI liquor factory was established in 2005. Its spirits have been sold domestically and overseas, especially Japan and Europe,” said Mr Sihattha Rasaphon.

“The signing of this agreement is a landmark as transportation has been convenient following the launch of the Laos-China Railway which has contributed significantly to ensuring more made-in-Laos products are exported overseas, especially to China,” said Mr Sihattha Rasaphon.

Mr Tangsoupha Laotang said, “Right now exporting products from Laos to China can be made easily and our company has surveyed all factories and enterprises to seek potential opportunities for export partnership and we have found that the LAODI liquor factory has quality and meets international standards. Our goal is to bring Lao products to be sold in the upper and middle markets in China.”

Source: Lao News Agency

Laos-China Railway puts trade on fast track

The Laos-China Railway, a landmark project of high-quality Belt and Road cooperation, has boosted regional connectivity and economic cooperation since it started operation three months ago, Xinhua reported on Mar 3.

As of Thursday, the railway has handled more than 350 international freight trains which transported over 250,000 tonnes of cargo, according to the China Railway Kunming Group Co., Ltd.

Driven by the increasing demand for transportation, the types of goods have expanded from fertilizers, fodder and vegetables at the beginning to electronic products, monocrystalline silicon, daily necessities and communication equipment, said Xu Chao, deputy general manager of the Kunming branch of China United International Rail Containers Co., Ltd.

In order to better serve train operation and improve efficiency, local authorities have coordinated efforts between epidemic control and transportation service, and facilitated the customs clearance at ports.

“Our train service has become more diversified, from traditional international cargo trains to Lancang-Mekong Express and cold chain trains,” Xu said, adding that the Lancang-Mekong Express only takes 26 hours from Kunming, capital of southwest China’s Yunnan Province, to the Lao capital Vientiane.

Opening to traffic on Dec. 3, 2021, the Laos-China Railway runs over 1,000 km and links Kunming with Vientiane. It is the first overseas railway jointly constructed and operated by the two countries.

International trade companies are among those who benefit from the railway. Laos is embracing modern logistics services including road-rail combined transport and one-stop customs clearance, which improves the timeliness of cargo transportation and largely reduces costs, said Wang Lijun, chairman of Haofeng International Transport Co., Ltd, a Chinese joint venture rooted in Laos for over a decade.

Wang said the development of his company has entered into the fast lane, with business growing rapidly.

“The China-Laos Railway saves us about 30 per cent of logistics cost from Kunming to Vientiane. The rail transport is more punctual and can reduce damages to the goods,” said Yang Jie from Shanghai Rencheng Supply Chain Management Co., Ltd. “We are more confident to expand Southeast Asian market.”

“The launch of the railway has not only promoted economic development along the route but also accelerated the construction of the China-Laos Economic Corridor and the community of a shared future between the two sides,” said Ma Yong, head of the institute of Southeast Asian studies under the Yunnan Academy of Social Sciences.

As the Regional Comprehensive Economic Partnership (RCEP) agreement entered into force in January, the destinations of international freight via the Laos-China Railway have been expanded to more countries and regions including Thailand, Malaysia and Cambodia.

Source: Lao News Agency