The southern Lao province of Champassak and the Vietnam National Coffee Corporation (Vinacafe) have signed an agreement to develop coffee production in the area.
The southern Lao province of Champassak and the Vietnam National CoffeeCorporation (Vinacafe) have signed an agreement to develop coffeeproduction in the area.
Under the agreement, Vinacafe will lease1,000 hectares of land to grow coffee with an initial investment ofabout 5 million USD. The location will be in the Boloven highlands ofthe province’s Pakson district.
The project will not only boosttwo-country trade cooperation, but also create thousands of jobs forlocal people whilst contributing to poverty reduction in the region.
The province exported over 34,000 tonnes of coffee worth 83 million USD in the 2012-2013 period. European and Japanese customers particularly like the taste of coffee originating from the Boloven highlands.-VNA
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