ID :
10417
Fri, 06/20/2008 - 13:29
Auther :
Shortlink :
https://oananews.org//node/10417
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Global economic challenge as to advantage
(KPL) - Higher oil price is a good time for promoting investment in the production of substitute oil such as jatropha and the plantation of other crops for producing bio-diesel, said Dr Liber Libuabao, Deputy Director General of the National Economics Institute.
He added that the hike in rice prices on the world market was also a good
opportunity to push for rice plantation nationwide.
Dr Liber, Deputy Director General of the National Economics Institute,
Ministry of Planning and Investment, proposed his ideas on the promotion of
economic growth and stability by taking the global economic challenges as a
good advantage at a seminar on brainstorming ideas on economic growth
promotion held in Vientiane Capital last week.
He highlighted the capacity of Laos in paddy yield last year counted for 2.6
million tonnes which exceeded the volume consumption nation (about 2.4
million tonnes of paddy). The rice restored accounted for almost 200,000
tonnes of paddy.
Noticing that Laos has had rice production base and it also has a potential
expansion of rice farming for export and export market expansion by pushing
forward the implementation of all agreements in the framework of ASEAN Free
Trade Areas, Early Harvest Programme with China and Generalised System of
Preferences with other country.
"I strongly supported other potential development sector such as transit
goods service of sub-region along economic corridors of Roads No 9 and No 3
linking to sub-Mekong countries and ASEAN member countries" he said.
"Along with the development of natural resources sector (hydropower and
mining), further improvement of industry processing by creating more
information, tourism development as industry, the promotion of labour
market, investment market, stock exchange, technology market and effectively in using human resources".
The education should be also promoted actively and organised short term training courses for local farmer, he advised.
It also should go along with fund resource development and a plan for
strengthening business banks and attract foreign investment, and promote micro-finance in rural areas and strengthened management in macro-economic system.
This is due to the oil price hike and inflation status worldwide which has
had higher trend therefore it needs to create some measure for adjusting
inflation
and preventing the inflation.
In addition, it needs to handle with climate change which will affect to socio-economic development therefore it should have an appropriated measure to cope with concerned situations of each period.
He added that the hike in rice prices on the world market was also a good
opportunity to push for rice plantation nationwide.
Dr Liber, Deputy Director General of the National Economics Institute,
Ministry of Planning and Investment, proposed his ideas on the promotion of
economic growth and stability by taking the global economic challenges as a
good advantage at a seminar on brainstorming ideas on economic growth
promotion held in Vientiane Capital last week.
He highlighted the capacity of Laos in paddy yield last year counted for 2.6
million tonnes which exceeded the volume consumption nation (about 2.4
million tonnes of paddy). The rice restored accounted for almost 200,000
tonnes of paddy.
Noticing that Laos has had rice production base and it also has a potential
expansion of rice farming for export and export market expansion by pushing
forward the implementation of all agreements in the framework of ASEAN Free
Trade Areas, Early Harvest Programme with China and Generalised System of
Preferences with other country.
"I strongly supported other potential development sector such as transit
goods service of sub-region along economic corridors of Roads No 9 and No 3
linking to sub-Mekong countries and ASEAN member countries" he said.
"Along with the development of natural resources sector (hydropower and
mining), further improvement of industry processing by creating more
information, tourism development as industry, the promotion of labour
market, investment market, stock exchange, technology market and effectively in using human resources".
The education should be also promoted actively and organised short term training courses for local farmer, he advised.
It also should go along with fund resource development and a plan for
strengthening business banks and attract foreign investment, and promote micro-finance in rural areas and strengthened management in macro-economic system.
This is due to the oil price hike and inflation status worldwide which has
had higher trend therefore it needs to create some measure for adjusting
inflation
and preventing the inflation.
In addition, it needs to handle with climate change which will affect to socio-economic development therefore it should have an appropriated measure to cope with concerned situations of each period.
