VN, Lao firms ink new deal

Friday, Mar 21, 2014 09:40

HCM CITY  (Biz Hub) — Blue Star Distribution Joint Stock Company is all set to sign an agreement with Dao-Heuang Group, one of Laos' top companies, to distribute the latter's coffee products in Viet Nam.

The deal comes as part of a co-operation programme between HCM City and Champasak province in Laos.

Dao-Heuang exports its Dao Coffee to many countries like Japan, Switzerland, Italy, China, and Singapore.

It will now, in turn, distribute Blue Star's confectionery and other products in Laos.

Leuang Litdang, chairwoman of Dao-Heuang Group, said her company plans to tie up with Vietnamese partners to expand its business and production in Viet Nam.

If the plan succeeds, it will be the first Lao company to invest in Viet Nam.

Since setting up the co-operation programme in 2001, HCM City and Champasak have achieved solid results, with HCM City investors starting nearly 40 projects in the Lao province, most of them in agro-forestry, industry, and tourism.

This has made Viet Nam the biggest investor in Champasak.

Trade and economic ties between Viet Nam and Laos have grown strongly this year. — VNS

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