Vientiane SEZs Surpass Investment Goals in 2024
Vientiane's special economic zones have attracted investments of over six hundred twenty-two million U.S. dollars within the first nine months of 2024, surpassing the city's target with thirty-nine new companies involved. Key officials discussed the ongoing economic developments, which align with national goals, highlighting sectors such as agriculture, industry, and tourism. The robust growth underscores Vientiane's strategic role in advancing Laos's economic landscape.
In the first nine months of 2024, Vientiane's five special economic zones attracted investments totaling over six hundred twenty-two million U.S. dollars from thirty-nine new domestic and foreign companies.
This achievement exceeded the city's annual target of thirty-five companies.
The announcement was made during a meeting at the Vientiane Government Office, led by Deputy Governor of the Bank of Laos, Suliwat Suvanajumkham, and Deputy Governor of Vientiane Capital, Sirilat Nongsin Thongpheng.
The meeting focused on progress aligned with Laos's 9th National Economic Development Plan.
Starting in 2021, Vientiane began attracting investments in various sectors, with twelve projects gaining interest.
Among these, seven projects have received approvals, four are under feasibility studies, and one is in proposal.
The city’s five SEZs, namely Xaysettha Comprehensive Development Zone, Bueng That Luang Special Economic Zone, Long Thang-Vientiane Special Economic Zone, Dong Pho Si Special Economic Zone, and Vientiane Logistics Zone, are advancing infrastructure projects, including residential spaces and factories.
Of the thirty-nine investments, twenty-four are foreign, seven are domestic, and eight are joint ventures, with realized investments amounting to forty million U.S. dollars.
Vientiane's strategic position is pivotal in driving economic growth and fostering foreign investment in Laos.
This achievement exceeded the city's annual target of thirty-five companies.
The announcement was made during a meeting at the Vientiane Government Office, led by Deputy Governor of the Bank of Laos, Suliwat Suvanajumkham, and Deputy Governor of Vientiane Capital, Sirilat Nongsin Thongpheng.
The meeting focused on progress aligned with Laos's 9th National Economic Development Plan.
Starting in 2021, Vientiane began attracting investments in various sectors, with twelve projects gaining interest.
Among these, seven projects have received approvals, four are under feasibility studies, and one is in proposal.
The city’s five SEZs, namely Xaysettha Comprehensive Development Zone, Bueng That Luang Special Economic Zone, Long Thang-Vientiane Special Economic Zone, Dong Pho Si Special Economic Zone, and Vientiane Logistics Zone, are advancing infrastructure projects, including residential spaces and factories.
Of the thirty-nine investments, twenty-four are foreign, seven are domestic, and eight are joint ventures, with realized investments amounting to forty million U.S. dollars.
Vientiane's strategic position is pivotal in driving economic growth and fostering foreign investment in Laos.
