Investment promoted in VN and Laos’ trade zones
More than 80 Vietnamese and Lao
investors and businesses have attended a conference to promote
investment in the Lao Bao special economic-commerical zone of Vietnam
and the Densavan border trade zone of Laos.
At the
conference in central Quang Tri province on March 10, participants were
briefed on preferential investment policies relating to training demand,
employment, traffic infrastructure, and tax reduction and exemption for
the Lao Bao zone of Quang Tri province and the Densavan zone of
Savanakhet province.
After 10 years of operation, the
Lao Bao zone has attracted 41 projects with a combined registered
capital of more than 3.1 trillion VND and 350 businesses operating in
industry, trade, service and tourism.
Since 2003, the Densavan zone has had 30 domestic and foreign projects totalling more than 106 trillion Lao kips.
Deputy Governor of Savannakhet province Suphan Keomisay said the
conference was a good opportunity for the two countries’ investors to
explore investment in the two zones.
With special
preferential policies, the two zones are offering new investment
opportunities for the two countries’ businesses in exploiting potentials
and strengths of the important trans-Asia axis./.