The Dai Thang Company of Vietnam on Nov. 14 signed a contract with representatives of the Lao Government to explore urine, lead and zinc mines in Laos.
With an initial investment capital of 2 million USD, Dai Thang will spend 42 months on exploration of urine, lead and zinc on 808 sq. km in Samtay district, Houphanh province, and Noongket district in Siengkhoang of Laos.
If the project is feasible, the company will submit to the Lao Government for exploitation.
Ore mining has emerged as one of Laos ’ spearhead economic sectors in the recent years, attracting a large flow of investment capital from investors both at home and abroad. The export of minerals, especially gold and copper, is a major source of revenue for the state coffer.
Mining is also the busiest sector in Laos with over 120 domestic and foreign-invested companies having been granted business licences by the end of July.
According to initial research, Laos now boasts over 500 kinds of underground minerals from the North to the South of the country.
Czech Republic ’s Skoda Auto intended to open a factory in Ho Chi Minh City , Trade and Industry Minister Martin Riman told HCM City officials on Nov.13.
Skoda Auto is the Czech Republic ’s largest automobile manufacturer.
Riman hoped that with the opening of the new factory, Vietnam would provide automobiles, parts, and repair services to other countries. He added that the new venture would contribute to Vietnam ’s rapidly growing economy.
During the meeting, Nguyen Trung Tin, deputy head of the city’s People’s Committee, said that the State-owned Sai Gon Transportation Mechanical Corporation (Samco) will act as Skoda Auto’s local partner.
Nine Vietnamese companies are showcasing their handicraft and textile products at the 28 th India international trade fair (IITF) which opened on Nov. 14 in New Delhi .
More than 7,000 companies from 38 countries including China , Japan , Russia , South Africa and Turkey joined the event.
Vietnamese ambassador to India Vu Quang Diem expressed his hope that more Vietnamese companies will participate in fairs in India to contribute to promoting the country’s exports and boost bilateral economic-trade relations.
On display at, which will last until Nov. 27, are Vietnam-made lacquered paintings, wooden and ceramic gifts and textile products.
The same day, a two-week seminar on biotechnology organised by the International Centre for Genetic Engineering and Biotechnology (ICGEB) was concluded in the Indian capital.
Scientists from ICGEB and other countries including Vietnam , Italy , Romania , Bangladesh , Brazil , Costa Rica and Egypt discussed about issues on gene alteration technology.
ICGEB, a UN scientific study organisation, was established in 1987 with 57 official member countries.
Vietnam continues to be one of the attractive destinations for foreign investors, said Managing Director of the American Chamber of Commerce in Vietnam Adam Sitkoff.
Talking with the National Public Radio of the US, Managing Director Sitkoff said that Vietnam has been one of the countries reaching the world’s highest economic growth rate despite global financial crisis.
Vietnam ranked second after China in economic growth rate, achieving around 8 percent in recent years and this effort is regarded to be phenomenal, said Sitkoff.
Downward trend of the world’s and US’s economy has been impacted on Vietnam, however, companies in the world still come to Vietnam, a promise land, to make investment, he added.
(Source: VNA) | 
