Laos, Hungary partner in agro-industries

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poultry1A Lao development firm, Sahamit Development Corporation Company, will team up with a Hungarian business group to produce agricultural goods for local markets and export.

Both parties signed a memorandum of understanding in Vientiane on August 23, saying they will cooperate in the development of agriculture and aquaculture in Laos, the food industry, an integrated poultry industry, technical assistance for feed mills, as well as in fisheries.

The firms said that their goal was to bring the sector in line with international standards so that more products can be exported to Southeast Asian countries and the region. They will develop agricultural products so that Laos has export markets when the Asean Economic Community comes into effect in 2015. The extra income earned is seen also contribute to Laos graduating from Least Developed Country status in 2020 as targeted.

The first project will focus on livestock feeds management in Nongtaeng village in Sikhottabong district, Vientiane, and in Oudomxay and Luang Prabang provinces.

Development of an integrated poultry industry is expected to require initial funding of about 16 million euros $21 million). This will be used to obtain raw materials, provide storage, build a feed mill, acquire parent stock, build a hatchery and set up broiler production and a slaughterhouse. The project will also include a salmon breeding study in Oudomxay province.

The two firm will also identify suitable areas for the cultivation of maize, cassava and soybeans to supply the feed factory.

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Reading Time: 1 minute

A Lao development firm, Sahamit Development Corporation Company, will team up with a Hungarian business group to produce agricultural goods for local markets and export.

Reading Time: 1 minute

poultry1A Lao development firm, Sahamit Development Corporation Company, will team up with a Hungarian business group to produce agricultural goods for local markets and export.

Both parties signed a memorandum of understanding in Vientiane on August 23, saying they will cooperate in the development of agriculture and aquaculture in Laos, the food industry, an integrated poultry industry, technical assistance for feed mills, as well as in fisheries.

The firms said that their goal was to bring the sector in line with international standards so that more products can be exported to Southeast Asian countries and the region. They will develop agricultural products so that Laos has export markets when the Asean Economic Community comes into effect in 2015. The extra income earned is seen also contribute to Laos graduating from Least Developed Country status in 2020 as targeted.

The first project will focus on livestock feeds management in Nongtaeng village in Sikhottabong district, Vientiane, and in Oudomxay and Luang Prabang provinces.

Development of an integrated poultry industry is expected to require initial funding of about 16 million euros $21 million). This will be used to obtain raw materials, provide storage, build a feed mill, acquire parent stock, build a hatchery and set up broiler production and a slaughterhouse. The project will also include a salmon breeding study in Oudomxay province.

The two firm will also identify suitable areas for the cultivation of maize, cassava and soybeans to supply the feed factory.

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