Lao National Assembly endorses report on land concessions

The National Assembly on Tuesday approved the results of a report on inspections into land rental and concessions granted to developers.

After hearing the report, Assembly members exchanged views on the subject with some saying there must be clearly-defined measures to penalise contract violators in line with laws and regulations.

Chairman of the Assembly’s Committee on Economy, Technology and Environment, Mr Bounpone Sisoulath, reported the results of the inspection of the implementation of regulations relating to the rental of land and land concessions through agreements made with the state.

As of now, the government has awarded land concessions to foreign and domestic companies for the use of about 11.7 million hectares.

“But the amount of land actually being used for development is about 549,248 hectares,” Mr Bounpone said.

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Vientiane Times