Vietnam-Laos industrial zone lures $164m

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Lao Bao
Factory in the Lao Bao special economic zone

The Lao Bao special economic zone in the central Vietnamese province of Quang Tri, bordering southern Laos, has attracted 47 projects worth $164 million, of which 34 are already operational, the Vietnam news Agency reported.

Trade though the Lao Bao border gate has also seen constant growth, rising from $23.6 million in 2007 to $70 million last year.

The Lao Bao gate is the starting point of the East-West Economic Corridor linking Myanmar, Thailand, Laos and Vietnam.

The special economic zone is believed to have brought advantages to the region in terms of opportunities for infrastructure improvement, human resources development, regulatory reform and institutional strengthening. For individuals and households, it has created greater market opportunities for both factories and product markets, and the income distribution impacts have improved people’s welfare, the government said.

 

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Reading Time: 1 minute

Factory in the Lao Bao special economic zone

The Lao Bao special economic zone in the central Vietnamese province of Quang Tri, bordering southern Laos, has attracted 47 projects worth $164 million, of which 34 are already operational, the Vietnam news Agency reported.

Reading Time: 1 minute

Lao Bao
Factory in the Lao Bao special economic zone

The Lao Bao special economic zone in the central Vietnamese province of Quang Tri, bordering southern Laos, has attracted 47 projects worth $164 million, of which 34 are already operational, the Vietnam news Agency reported.

Trade though the Lao Bao border gate has also seen constant growth, rising from $23.6 million in 2007 to $70 million last year.

The Lao Bao gate is the starting point of the East-West Economic Corridor linking Myanmar, Thailand, Laos and Vietnam.

The special economic zone is believed to have brought advantages to the region in terms of opportunities for infrastructure improvement, human resources development, regulatory reform and institutional strengthening. For individuals and households, it has created greater market opportunities for both factories and product markets, and the income distribution impacts have improved people’s welfare, the government said.

 

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