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Investment in hydropower construction projects Xekaman Sanxay in the Lao People's Democratic Republic I Construction of hydropower facilities in Lao PDR: 1/ Preliminary Demand for electricity to serve the economic development in Vietnam Power is a basic condition for economic development in Vietnam According to calculations by experts, to ensure economic growth as the Vietnamese government plans power growth per year to reach 18%: - 20%, in the period from 2010 2015 per year to increase the capacity of 7000 MW Structure of energy sources, hydropower is expected to account for 38%; Thermal Power 58%; other sources (Wind Power) accounted for 4% 2015 electricity by hydropower production to reach 19,874 MW, 24,148 MW by 2020; 2025 is 30,548 MW According to the report of the Electricity of Vietnam (EVN), the hydropower potential in the country is about 18000 MW to 20000MW missing 1/3 of the demand Therefore, the conduct of the hydropower plant construction investment abroad is necessary to ensure energy security in the country 2/ Basis for investment decisions hydropower in Laos: a The basic information about the Lao PDR: • Full name: Lao People's Democratic Republic • Capital: Vientiane • National Day: July 19, 1949 • Chief of state: President Lt Genes CHOUMMALI Saignason • Head of government: Prime Minister Thongsing Thammavong • The political parties: Lao People's Revolutionary Party led by Mr Choumali Saignason leaders, other political parties are not allowed to set up • Members of international organizations: ADB, ARF, ASEAN, CP, EAS, FAO, G-77, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, Interpol, IOC, IPU, ISO (subscriber), ITU, MIGA, NAM, OIF, OPCW, PCA, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO (observer) • Area: 236,800 km2 • Climate: Tropical monsoon season from May to November, the dry season from December to April • Resources: Wood, gas, gypsum, tin, precious stones • Capital: Vientiane • Population: 6,3 million people (according to Doing Business 2013) • Mean age: 21 years old • Ethnicity: Laos (55%), Khmou (11%), Hmong (8%), more than 100 other ethnic minorities (26%) • Religion: Buddhist (67%), Christian (1.5) • Languages: Lao, French, English and a number of ethnic minority languages • Exchange rate Kips / USD: kips (LAK) and U.S dollar - 8,043.7 (2011); 8,258 (2010); 8,516 (2009) • GDP 2011: 14,77 billion GDP Growth: 8,3% • Investment Rating: 163/185 (Doing Business 2013) b, Hydropower potential of the Lao PDR: Total Hydropower potential reserves of Laos was assessed to 23,000MW Main focus on the major rivers flowing through the territory of Laos, including the Mekong River, River Xekaman Until 2015, is expected to build and put into operation the plant with a total capacity of 3,041MW (Lao PDR Development Report 2010) Among them, the river Xekaman the territory of the provinces Attapue and Seekong be assessed particularly favorable for the development of hydropower This is the area lying west of Truong Son moutain, bordered by the provinces of Kon Tum, Vietnam's Bo Y international border gate in Kon Tum Province and Nam Giang international border gate in Quang Nam is very convenient for trade between the two countries To create conditions for investment activities exploitation of hydropower resources, the Government of Viet Nam and the Lao government has signed relevant agreements including cooperation agreement on energy-electricity on 06/07/1998 Vietnam-based enterprises that have invested a lot of hydro power in central and southern Laos as Xekama 1; Xekaman 3; Sekong 3A, 3B Hydropower Project Xekaman Sanxay of hydropower cluster Xekaman - Sansay in Attapue province has decided to invest in a memorandum of understanding between the Song Da Corporation (Vietnam) and the Government of Laos to build in 2013 - 2014 II/ Reason construction investment decisions the Sansay of hydropower Song Da Joint Stock Company: Song Da No Joint Stock company is a member unit of the Song Da Corporation specializes in the construction and installation works The company has its headquarters in Ha Dong, Hanoi, Vietnam Business activities are construction and installation of special construction in the hydropower sector The company's total capital 1,680 billion dong (81 milions dollars) In the period from 2006 to 2012, the company has been involved in the construction of hydropower projects in Laos include hydropower plant Xekaman 1; hydropower plant Xekaman and now has a branch under construction in Laos Hydroelectric Project Sansay’s 18MW capacity of hydropower cluster Xekaman - Sansay grind of Song Da Group(Vietnam) as an investor Buildings in province Atapu - Laos adjacent to Kon Tum province of Vietnam The road through the very convenient located along the Asia road through BoY Gate Total investment is 32 milions dollars building, built in two years The entire power output will be distributed at the rate of 90% of electricity produced will be sent to Vietnam, 10% is sold in Laos As estimated selling price of 5.1 cents / kWh after only one year in use, will return to work and start with interest Construction works not own power transmission line system by using common powere transmission system of hydroelectric power Xekaman completed earlier SANSAY HYDROPOWER PLAN Song Da No JSC now has a branch construction projects in Atapu Province in southern Laos So if investing works at San Say now would be very advantageous to use all equipment, plant availability without new investment Because the time has come to work in Laos long-term (six years), the company has very good relations with local authorities and tax administration bodies, import and export management of Laos For the amount of work in the project, the company created enough jobs for workers within two years At the same time if the project is successful will be very convenient for companies to invest in projects with the capacity built nearby as the Xekaman 4, Sekong 3A, Sekong 3B and deeper potential hydropower market in Laos III/ The information necessary to invest in Lao hydropower: Political institutions: Laos is in the process of construction and development of People's Democratic mode, set the stage for the step by step to socialism Political party leaders, the Lao People's Revolutionary Party, this is the only party All other political parties are not allowed to operate Most senior leaders of Laos are trained at academies of Vietnam Thus the political relations between Vietnam and Laos are attached, intimate Foreign Policy: Lao People's Democratic Republic of implementation of the foreign policy of peace, independence, friendship and cooperation; multilateralised, diversify relations; willing to be a friend and reliable partner of all countries; tighten cooperation with neighboring countries bordering; strengthen special solidarity and comprehensive cooperation with Vietnam Customs: Lao frank, open and friendly Them very seriously courtesy and respect Lao people greet each other by placing the palm of the other hand on the chest (in the prayer position), but not touching the body Hand as set up, as expressed respect However, the hand is not raised and nose When offered together with slight bow to show respect to the office or a higher age It is also the expression of thanks, regret, or goodbye Economics: The government of Laos, one of the few remaining one-party communist states, began decentralizing control and encouraging private enterprise in 1986 The results, starting from an extremely low base, were striking - growth averaged 6% per year from 1988-2008 except during the short-lived drop caused by the Asian financial crisis that began in 1997 Lao's growth exceeded 7% per year during 2008-11 Despite this high growth rate, Laos remains a country with an underdeveloped infrastructure, particularly in rural areas It has a rudimentary, but improving, road system, and limited external and internal land-line telecommunications Electricity is available in urban areas and in many rural districts Subsistence agriculture, dominated by rice cultivation in lowland areas, accounts for about 30% of GDP and 75% of total employment Economic growth has reduced official poverty rates from 46% in 1992 to 26% in 2010 The economy has benefited from high foreign investment in hydropower, mining, and construction Laos gained Normal Trade Relations status with the US in 2004, and is taking steps required to join the World Trade Organization, such as reforming import licensing Related trade policy reforms will improve the business environment On the fiscal side, Laos initiated a VAT tax system in 2010 Simplified investment procedures and expanded bank credits for small farmers and small entrepreneurs will improve Lao''s economic prospects The government appears committed to raising the country''s profile among investors, opening the country''s first stock exchange in 2011 The World Bank has declared that Laos''s goal of graduating from the UN Development Program''s list of least-developed countries by 2020 is achievable According Laotian officials, the 7th SocioEconomic Development Plan for 2011-15 will outline efforts to achieve Millennium Development Goals Advantages and disadvantages and problems of Vietnamese enterprises in the process of investment in Laos: a/ Advantages: - The two countries have political and economic relations in particular Therefore Lao government is very supportive and priority Vietnamese enterprises investing and business in Laos Most of the senior leaders of Laos have been trained, professional learning at schools, political in Vietnam - Vietnam and Laos geographical proximity, so that economic exchange activities as well as transportation, import and export of goods and labor between the two countries is very convenient Special areas of Laos which is the base of the Liberation Army of Vietnam and Laos so special advantages in the construction of hydroelectric projects here - Laos has a lot of potential that Vietnamese enterprises can cooperate investment: hydropower, exploration, mining, mineral processing, industrial crops, agro-forestry product processing - Diplomatic representative of the Philippines scattered in various regions of Laos, business support when in trouble - According to the evaluation report of the World Bank on the investment rate in 2013 (DB2013: Doing business 2013) Laos ranked 163/185 countries on investment prospects In particular, Laos is a country evaluated the significant changes in activities calling for investment policy with specific improvements, including three areas: policies to facilitate business start trading (Starting a business); tax policies to reduce (Paying taxes); policy trade goods at the border (Trading across borders) to attract investment from outside b/ Difficulties: In general, the legal system related to investment in Lao PDR is in the process of amending and improving so much change, inconsistency, lack of transparent and difficult to access Laos issued Investment Law in 1994, to date there is no adjustment In addition, coordination between sectors, between central and local level is not flexible, synchronized to affect policy implementation In general, the exchange of the initial investment between now and the competent authorities of Laos is very convenient, but when deployed, enterprises face many difficulties in administrative procedures, land planning, lack of consistency in policy, especially by local regulations in place and apply in addition to the policies of the state According to the BD2013, Laos ranked 184/185 countries in the world for the protection of the interests of investors c/ About the competition: In the field of hydropower development in Laos, in addition to funding by the Government of Laos arrangement, FDI mainly from 03 countries neighboring the border with Laos, including: China, Thailand and Vietnam Hydropower systems of Laos is divided into 04 regions of the Northern Region, the center of C1, C2 centers, the southern region (source: Ministry of industry and Handycaft, Vientiane Lao PDR) In particular, the northern border with China, including the provinces Langnamthay Phonxaly, Chinese where the hydropower construction companies dominate Central area No includes the provinces Xavabury, Vientain area is high competition between companies China, Thailand and Vietnam Center area No and the Southern area of the capital base of the Vietnamese Liberation Army in the war against the United States, so this local Vietnamese companies have many advantages in investment projects Xekaman Sansay in provinces Attapue under this area Source of information for reference when investment: a Vietnam Embassy in Laos: No 85, 23 Singha Road, Saysettha Dist., Vientiane Tel: 990994, 85, 87,86 Code: 00-856-21 b | | Fax: 413 379, 413 6720 email: vnemba.la@mofa.gov.vn Laos Embassy in Việt Nam 22 Trần Bình Trọng, HBT, HN Tel: 39424576 | Fax: 38228414 Website: http://www.embalaohanoi.gov.la/ c Consulate General of Vietnam in Savannakhet and Pakse: d Laos National Chamber of Commerce and Industry (LNCCI) 74 Inpeng Street, Vatchan, Chanthabury District P.O.Box: 4148, Vientiane Lao PDR Tel: 856-212823; +856-261668 Fax: 856-21241062 LNCCI, Foreign Relation Division Kayson phomvihane Ave., Ban Phonphanao Saysettha District, Vientiane Capital, Lao PDR; P.O.Box: 4596 Tel: (+856 - 21) 453 312-115, 452 579 Fax: (+856 - 21) 452 580 Email: lncci@laopdr.com e Vietnam Chamber of Commerce and Industry - VCCI f Vietnam Electricity Group - EVN g Song Da Corporation h Other sources Finish References: 1) 2) http://www.doingbusiness.org/reports/global-reports/doing-business-2013 3) http://www.vcci.com.vn/ho-so-thi-truong/32/lao.htm 4) https://www.cia.gov/library/publications/the-world-factbook/geos/la.html 5) http://songda6.com.vn/ 6) Power System Development Plan for Lao PDR- Final Report - Mausell 10 7) Law on the promotion and management of foreign investment in the Lao People's Democratic Republic 8) The "About the Vietnamese power sector, potential and hydroelectric exploitation plan" - Luong Van Dai, chief investment evaluation EVN 9) Other documents 11 ... implementation In general, the exchange of the initial investment between now and the competent authorities of Laos is very convenient, but when deployed, enterprises face many difficulties in... the political relations between Vietnam and Laos are attached, intimate Foreign Policy: Lao People's Democratic Republic of implementation of the foreign policy of peace, independence, friendship... create conditions for investment activities exploitation of hydropower resources, the Government of Viet Nam and the Lao government has signed relevant agreements including cooperation agreement
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