Sunday, January 20, 2008

Vietnam-Laos international border gate inaugurated

The authorities of the Central Highlands province of Kon Tum and Laos’ Attopeu province on January 18 held a ceremony to open the Bo Y-Phu Cua International Border Gate in order to facilitate trading activities between the two countries.

Vietnamese Deputy Foreign Minister Dao Viet Trung and his Lao counterpart, Phongsavat Boupha, who is also Head of the Laos Border Committee, were present at the event.

Being aware of its important position in socio-economics, culture, security and defence, the governments of Vietnam and Laos agreed to upgrade the Bo Y-Phu Cua into an international border gate.

The Bo Y International Border Gate Economic Zone has to date attracted 34 projects with a total registered investment capital of over VND 19 trillion (over US $1.2 billion). Of which, 11 projects have been zoned off land and four others, capitalised at nearly VND 422 billion (US $26 million), received investment licences.