Chinese investors reconsider plantations as profits prove elusive in banana business
Some Chinese investors plan to shutter their banana farms in Laos and relocate to other countries while others plan to replace the yellow herbaceous fruit with other agricultural crops after sustaining losses. The northern province of Bokeo has been a major location for banana plantations in recent years. Technical adviser to Chinese banana farms in Bokeo province, Mr Ruan Shui Jin spoke to Vientiane Times on the occasion of the China Chamber of Commerce Fujian Branch in Laos meeting in the Golden Triangle Special Economic Zone recently. Mr Ruan said operators were attracted to Laos because it is proximity to China. Available land in Laos was suitable in terms of size, quality and value for money.
