LAO PDR (Vientiane Times) - Sichuan AAA Public Development Co., Ltd. and ASIN Intl (Lao) Co., Ltd. have signed a Memorandum of Understanding on business cooperation under the Belt and Road in Guang’an, Sichuan province, China.
According to the Lao China Economic and Trade Promotion Association (LCETPA), the two sides will optimise their comparative advantages in the “Belt and Road” infrastructure and promote the implementation of the national “Belt and Road” strategic plan with concrete actions.
“Belt and Road” advocates “wide consultation, joint contribution and shared benefits”. In line with the principle of further exerting the advantages of both parties and integrating resources, we will actively integrate into the comprehensive energy construction under the “One Belt, One Road” initiative, including hydropower, renewable energy, water supply, gas facilities and so on.
ASIN Intl (Lao) Co., Ltd. was established in 2014 and was registered in Vientiane with 3 holding subsidiary companies. The main business scope is engineering contracting, real estate development, financial services, hotel management and organic agriculture.
The projects currently in operation are relatively smooth. According to the Secretary of the Party Committee and Chairman of Sichuan AAA Development Co., Ltd. AAA Zhang Jiulong, the establishment of the “Belt and Road” is a key measure to implement the national strategic deployment, and a demonstration of the state owned enterprise’s courage to assume responsibility and serve the overall situation. As a state-owned holding company, AAA is the first and only listed company in Guang’an city, and also one of the top 100 public utilities enterprises in Sichuan province, and was ranked among the top 500 energy enterprises in China in 2018.
Deputy Head of the Guang’an district People’s Government, Lan Xinming, made a concluding speech at the signing ceremony, saying that this time, AAA, as a local enterprise, signed a Memorandum of Understanding on the “Belt and Road” with ASIN. This is a milestone and plays a guiding role for Guang’an companies to go out and drive other industries to participate in “Belt and Road”. It will inject strong power into the development of AAA, and also contribute to the construction of “Belt and Road”.
The President of the Lao-China Economic and Trade Promotion Association and Special Adviser to the Lao National Chamber of Commerce and Industry, Allan Yang, together with Zhouji, the Vice President of LCETPA and President of the Chongqing Branch, witnessed the signing ceremony between Sichuan AAA Public Development Co., Ltd. and ASIN Intl Lao Co., Ltd. in Guang’an, Sichuan province, on August 1.