Region strengthens economic ties
Viet Nam, Laos and Thailand agreed to boost geo-economic axis co-operation during a meeting held in the central province of Kon Tum yesterday.
The axis includes the central provinces of Kon Tum, Quang Ngai and Binh Dinh of Viet Nam, Ubon Ratchathani and Sisaket of Thailand, and Champasak, Salavan, Sekong and Attapeu of Laos.
Nguyen Van Hung, chairman of the provincial People’s Committee of Kon Tum, said: “The linkage will reinforce common provincial strengths and complement shortages in diversifying products”.
Ubon Ratchathani enjoys advantages in agriculture and tourism while Sisaket is famous for its rubber and rice. Lao’s Champasak, Sekong and Atapeu provinces are abundant in energy, tourism and mineral plants.
Viet Nam’s Binh Dinh Province has potential to develop marine tourism while Quang Ngai is well-known for its Dung Quat Economic Zone. Kon Tum itself is a haven for eco-tourism.
Based on individual specialties, provincial authorities agreed to co-operate in the fields of tourism, rubber and coffee cultivation, agricultural facility production, energy and power projects, mineral exploration and forest conservation.
Agreement was also reached on raising funds to invest in infrastructure upgrades, such as the expansion of the 50km route between the Bo Y border gate and Attapeu.
Provinces would also implement measures towards human resource training and exchange, setting up information centres serving trade, tourism and investment activities.
In addition, Da Nang University’s branch in Kon Tum is set to sign a co-operation deal with Thailand’s Ubon Ratchathani Rajabhat University while enterprises participate in another meeting on investment opportunities at the Bo Y International Border Gate Economic Zone.
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