Laos border zones offer incentives to investors

Economic zones on each side of the Lao Bao border checkpoint between Viet Nam and Laos are offering incentives to investors and businesses.

Deputy Governor of Savannakhet Province in Laos Suphan Keomisay told an investment conference in Quang Tri Province on Thursday that preferential treatment policies were in place.

The areas included the Lao Bao Economic Zone of central Quang Tri Province and the Lao Densavan Border Trade Zone in Laos.

The policies related to training, employment, traffic infrastructure and tax reduction and exemption for the two zones, Suphan Keomisay said.

The Lao Bao Zone had already attracted 41 projects worth more than VND3.1 trillion (US$1.47 billion) and 350 businesses operating in industry, trade, service and tourism.

Meanwhile, the Densavan Zone in Savannakhet Province was now home to 30 domestic and foreign-invested projects totalling more than 106 trillion Lao kip ($10.6 billion).

About 80 businesses from both sides of the border attended the conference.

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