Vietnam-Laos industrial zone lures $164m

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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[caption id="attachment_6964" align="alignleft" width="300"] Factory in the Lao Bao special economic zone[/caption] 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...

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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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