Investment promoted in Vietnam and Laos’ trade zones

March 11, 2011 | 07:30

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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.

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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 VND3.1 trillion 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.

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