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Officials focus on Lao Bao special economic zone

Update: November, 11/2014 - 09:30
Lao Bao border gate . — Photo cand

HA NOI (VNS) — Prime Minister Nguyen Tan Dung and authorities from the central province of Quang Tri yesterday considered extending their support to the Lao Bao special economic-trade zone (LBZ) during a working session in Ha Noi.

The 15,000 hectare LBZ lies between Viet Nam's Quang Tri Province and Salavan Province in Laos, the starting point of the East-West economic corridor, which is the shortest and preferred route for trade, tourism and services between Laos, Thailand, Myanmar and Cambodia in the Greater Mekong Sub-region.

As a State-run organisation, the LBZ has enjoyed a number of government preferential policies, but it is facing a number of obstacles.

The PM asked the province to devise a full plan for another border zone between the two countries, the La Lay, and agreed in principle to offer assistance for infrastructure development.

He asked Quang Tri to capitalise on its strengths, including the Road 9 link with Laos, the National Highway 1 and the North-South railway in a bid to develop its economy.

Quang Tri is one of the two poorest localities in the central region. It has a household poverty rate of 12-13 per cent, double the nation's average. — VNS

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