- Business

Private firm to study into possibility of investment projects in Laos

The Government of the Lao PDR has authorized the Wilaikul International Gold Mine Co., Ltd to conduct a 24-month feasibility study into the possibility of several investment projects in the country.

The Memorandum of Understanding (MOU) on the study was signed in Vientiane on Apr 22 by Vice Minister of Planning and Investment Khamchan Vongsenboun, and President of the Wilaikul International Gold Mine Wiengchai Wilaikul in the presence of relevant officials of both sides.

“If these projects are economically possible, they will contribute significantly to promoting investment in various sectors and development in the Lao PDR,” said Mr Wiengchai Wilaikul.

Under the MoU, the private company will conducted a study into the construction of a gold melting factory, a solar panel factory, a soybean cooking oil factory and soy farming, a paper recycling factory, the exploration, mining and processing of gold ores and the establishment of a gold bank.

Source: Lao News Agency