Laos foreign investment

A BOT toll station in Quang Tri province (Source: VNA) Quang Tri (VNA) - Economic zones and industrial parks in the central province of Quang Tri attracted over 40 trillion VND (over 1.7 billion USD) from 150 investment projects as of July this year. Quang Tri is currently home to the southeast coastal economic zone, Lao Bao special economic zone and three IPs, namely Nam Dong Ha, Quan Ngang and Tay Bac Ho Xa. These have lured a great number of investment projects, mainly in the fields of thermal and gas-fueled power, and infrastructure development. The My Thuy deep sea port, invested by the My Thuy International Port Joint Venture Company with total capital of 14 trillion VND (over 602.4 million USD), is among major projects implemented in the locality. Covering an area of 685 ha, the port includes 10 ports, which are capable of receiving 100,000-tonne ships. The Lao Bao special economic zone located in the East-West Economic Corridor, has attracted 50 projects in service, … [Read more...] about Quang Tri: over 1.7 bln USD poured into economic, industrial zones

Prime Minister Nguyen Xuan Phuc at the sixth GMS Summit “We have been working to meet our commitments to protect intellectual property rights, innovative ideas, and the inventions of startups. We will continue to boost tax policy reforms and corporate income tax will be decreased to 15-17 per cent from the current 20-22 per cent,” stated Prime Minister Nguyen Xuan Phuc at the sixth Greater Mekong Subregion (GMS) Summit. At the summit, the PM said that in 2017, Vietnam continued to maintain one of Asia’s highest economic growths, with inflation controlled at 3.5 per cent. The country’s interest and exchange rates remained stable, trade turnover reached a record $425 billion, and foreign reserves have exceeded $60 billion. According to the World Bank, Vietnam’s Ease of Doing Business Index last year jumped 14 places to stand 68th among 190 economies. The World Economic Forum (WEF) placed Vietnam’s Global Competitiveness Index (GCI) at 55th out of … [Read more...] about PM promises 5-7 per cent corporate income tax cuts at GMS Summit

Vietnamese President Tran Dai Quang and his Bangladeshi counterpart Mohammad Abdul Hamid at the welcome ceremony (Photo: VNA) Dhaka (VNA) – Bangladesh’s daily English-language newspaper The Daily Star has carried several articles emphasising the importance of Vietnamese President Tran Dai Quang’s three-day State visit to Bangladesh from March 4 at the invitation of President Mohammad Abdul Hamid. The newspaper quoted President Tran Dai Quang as saying in an interview granted to the Bangladeshi press that Vietnam and Bangladesh have a time-honoured friendship based on historical similarities and shared values of independence, peace, cooperation and development. Since the establishment of diplomatic ties 45 years ago, leaders and people of the two nations have treasured and preserved this valuable tradition, and at the same time, spared no effort to further enhance the development of bilateral relations.  “We want and believe that relevant agencies of both … [Read more...] about Bangladeshi newspaper highlights Vietnamese President’s visit