On the afternoon of March 15, in Lao Bao town (Huong Hoa district), the Provincial Party Committee, the People's Committee of Quang Tri province and the Government Committee of Savannakhet province (Laos) jointly organized the Workshop "Lao Bao - Densavan Cross-Border Economic Zone: From Idea to Reality", with the participation of more than 300 delegates from Vietnam and Laos.
According to the leader of the People's Committee of Quang Tri province, the project to build the Lao Bao - Densavan Joint Cross-Border Economic and Trade Zone is designed with 3 main parts, including: Introducing the potential, space and legal basis for building the Lao Bao - Densavan Joint Cross-Border Economic and Trade Zone; comparing current policies between Vietnam and Laos; thereby having outstanding policies on investment attraction procedures, credit policies, policies for workers and duty-free zone policies.
Permanent Vice Chairman of Quang Tri Provincial People's Committee Ha Sy Dong said that the draft project plans to build a "two countries, one economic zone" model on the basis of complying with the legal requirements of both sides and international practices.
The Lao Bao - Densavan cross-border economic and trade zone is unified in a common regional planning, common organization and operation, common infrastructure construction in the central area, connecting infrastructure inside and outside the central area; facilitating cross-border transport and logistics connections; establishing and implementing the "three in one" mechanism.
That is the same policy, same rules, same standards and "one common" means one common zone; applying the highest preferential mechanisms and policies that the Vietnamese Government and the Lao Government are applying in the economic and trade zones of the two countries.
New, attractive special policy mechanisms on investment, "non-tariff" solutions of the two states of Vietnam and Laos will overcome barriers, facilitate labor, investment procedures, loans for projects, and attract domestic and foreign enterprises to invest.
Dr. Nguyen Quoc Truong, Deputy Director of the Institute for Development Strategy - Ministry of Planning and Investment, pointed out some advantages when implementing the project. Vietnam is the third largest foreign investor in Laos, with a total investment capital of more than 5 billion USD. A number of strategic transport connection projects between the two countries are being actively implemented.
Dr. Tran Dinh Thien, former Director of the Vietnam Economic Institute, said that it is necessary to build a comprehensive program to build and develop cross-border economic and trade zones; including projects to develop centers and other strategic priority coordinates, such as: Quang Tri Airport, My Thuy Seaport, Dong Ha Urban Area and connecting traffic routes.
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