Tin Nghia boosts agricultural investments in Laos
By Hong Ngoc - The Saigon Times Daily
HCMC – Tin Nghia Corporation based in Dong Nai Province has planned to boost investments in Laos, especially in the agricultural sector, to serve projects it has invested in the neighboring country over the past time.
|The Oriental Champa Resort is invested by Tin Nghia Corporation in Laos. The corporation plans to invest more in agriculture in the neighboring country - Photo: Courtesy of Tin Nghia|
Quach Van Duc, general director of Tin Nghia, said that the potential project the firm might invest in Laos was to produce micro-organic fertilizers from peat in Sekong Province. This project will meet the fertilizer demand of the firm’s agricultural projects and of local people.
Besides, Tin Nghia will develop a 500-hectare material area for animal feed production, a coffee purchasing station and a fresh coffee processing plant in Champasak Province.
Tin Nghia has penetrated the Lao market since 2007 with agricultural projects, industrial park and tourism projects. On Laos’ Bolaven Plateau, the firm has developed two Catimor and Arabica coffee farms, one covering 400 hectares and one covering some 170 hectares.
The firm has also invested in the Oriental Champa Resort scheduled for operation next year and a 463-hectare industrial park, the first industrial park in Champasak Province.