A contract is the agreement between two parties which means two parties agrees on what rights includes in the agreement, what should be changed and the end of the contract. The contract is very important for two parties because the contract can protect the rights and benefit that both agree on. It's also important for conflict resolution when dispute occurs.
The assessment focused on seven scenarios, namely so-called ghost projects, cancelled projects, expired projects, implementing projects, those without land leases and concessions from the government, conflicted projects, and projects transferred from state ownership to private use.
In 2018, the Lao government, Laos Maha Nathi Sithandone (Hong Kong) Investment Co., Ltd., and LTV Road and Bridge Construction Sole Co., Ltd. signed an agreement to develop the Maha Nathi Sithandone Special Economic Zone on an area of 9,846 hectares on islands in Khong district.