Ivany Nguyen receives project approval

Ivany Nguyen Inc. has recently announced that the company has received approval from the Department of Agriculture & Forest to proceed with the development of our bamboo project in Attapeu, Province in Lao PDR.

Mr. Sam Nguyen Reports: "Under official document no. 1334/SNL the company is approved to extract and harvest 5000 hectares of the current bamboo resource known as "bambusa procera" also referred to as Lo-o in Vietnamese."

"We are very pleased to have full support of the government on this very promising project. We have also been granted approval to build our factory, storage and nursery facilities on a 20 hectare land parcel located within the industrial zone of Attapeu, Province. The factory location is in strategic proximity to our project location and is located on a major paved highway in the Province of Attapeu. This approval has been granted by the Provincial Agency of Land Management pursuant to official document no. 0580/QDDD." Furthermore, the Federal government in Vientenne has granted Ivany Nguyen our foreign investment license and we have been approved by the Committee of Incentive and Management of Domestic & Foreign Investment as a 100% holder pursuant to Official Document No. 1193-KH-DT"