Lao engineers not benefiting from the building boom

Apr 8th at 07:56
08-04-2016 07:56:20+07:00

Lao engineers not benefiting from the building boom

Lao engineers are struggling to source work even despite the inflow of foreign investments into the country.

The Ministry of Planning and Investment reported that over the last 11 months of the 2014-15 fiscal year, some 1,589 projects were carried out in Laos with a total value of US$2,899 million.

This will help to drive construction and development however Lao engineers are still not sharing in the boom to the extent to which they could.

Director of SC Design and Construction, Ms Vidaly Chanthaphasouk explained that most of the fore ign investors who launch projects in Laos seek engineering services from their own countries for design and construction work.

This will not help Lao engineers to access benefits from foreign investors, which demonstrates the need for the government to issue forward policies aiming to protect Lao engineers.

For example, the regulations should encourage foreign investors to employ more Lao engineers or at least see more cooperation between both Lao and project owners' engineers.

Some regulations should be stricter to encourage investors to adhere strictly to Lao law such as giving the chance for Lao engineers to be employed as part of every project.

At present, Lao engineers are improving and have increased their cooperation with foreign engineers, so it is believed that Lao engineers can respond to foreign investors' design needs.

There are several design companies and construction companies looking for cooperation with overseas companies to expand their opportunities.

Lao companies have also provided their partners with consultation exchanges among foreign investors seeking to do business in Laos, which will make more design and construction opportunities available.

However, Ms Vidaly pointed that the Asean Economic Community will have more engineers among its members who will also be seeking work opportunities in Laos.

It is necessary that Lao engineers improve their knowledge on technology, English, and laws for investment outside of the country if they wish to compete with foreign engineers.

vientiane times



NEWS SAME CATEGORY

Lao province eyes Vietnam trade

Laos's newly established province of Xaysomboun wants to bolster trade and investment co-operation with Vietnam, especially HCM City, a deputy secretary of its...

Govt stresses price monitoring during Pi Mai

The Ministry of Industry and Commerce has directed provincial Industry and Commerce Departments nationwide to monitor and control the fluctuation of consumer goods...

Adapting to change brings businessman great success

A 63-year-old businessman named Mr Daovone Phachanthavong has spent the last 27 years building his business base and over time has gone on to become one of the most...

Laos needs more entrepreneurs, still facing business hurdles

Laos has only two percent of the population starting a business which is still far too low compared to its 6.4 million people, according to an official.

Capacity building to boost private sector, Japanese investment

The project on capacity building for supporting private sector development and Japanese investment in Laos will continue to develop human resources and promote...

Benzoin production benefits local farmers

Lao benzoin production has been generating income for farmers in the northern provinces and also contributed to government revenue streams.

Vientiane provincial authorities mull banana investment projects

Vientiane provincial authorities are currently considering proposals made by two Chinese companies for banana plantation projects in the province.

Lao construction companies seek investment opportunities

Lao construction companies are seeking chances to cooperate with fore ign companies to expand investment exchange after Laos joined the Asean Economic Community...

ALO to become leading IT company in Laos

ALO Technology Sole. Co; Ltd is set to become a Information Technology leader in Laos and Asean countries following their official opening yesterday and the signing...

Thai AirAsia's inaugural flight takes off to Luang Prabang

Thai AirAsia's inaugural flight FD 1030 from Bangkok (Don Mueang) to Luang Prabang International Airport in Luang Prabang province took to the skies with a load...


MOST READ


Back To Top