Laos, Japan ink deal on tourism development in Luang Namtha
VIENTIANE (Vientiane Times/ANN) - Luangpaseuth Corporation has signed an agreement on economic cooperation with the Chodai Group from Japan for a sustainable tourism and infrastructure development project in Luang Namtha province.
A Memorandum of Understanding on the project was signed recently in the province by the President of Luangpaseuth Corporation Mr Bounleuth Luangpaseuth and a representative of the Chodai Group, Mr Akinori Ido.
The signing was witnessed by provincial Deputy Governor Mr Khamlay Sipaseuth.
Luang Namtha has a strategic trade border with China, which has the world’s second largest economy. The province contains the Nam Ha National Protected Area covering over 200,000 hectares, and a wealth of natural resources, and is home to 17 ethnic groups.
These features mean Luang Namtha is central to the development of the province’s priority sectors such as ecotourism related to the use of sustainable natural resources, and clean agriculture.
A survey focuses on the improvement of infrastructure and facilities to strengthen domestic and foreign trade and investment, especially in telecommunications and the rollout of a 5G network.
At a recent meeting, participants heard about the outcomes of a survey and study on sustainable tourism and infrastructure development in Luang Namtha, presented by a team from Toyo University in Japan.
They also heard about sustainable development in the form of public-private partnership (PPP), presented by the United Nations Economic Commission for Europe (UNECE), which explained that PPP developments had been successfully implemented in many countries.