Laos Economy and Investment Dialogues 2016 in Tokyo and Fukuoka.
On 15th and 17th November 2016, Laos Economy and Investment Dialogues 2016 were organized Tokyo and Fukuoka, Japan by Ministry of Planning and Investment of Lao PDR and ASEAN Japan Centre. These events attracted over 200 Japanese Investors.
On the remarks of H.E. Ph.D Souphanh Keomixay, Minister of Planning and Investment, it was mentioned that the forum is to foster the closer co-operation between Lao PDR and Japan which marked 60th anniversary in 2015.
The remarks of Minister Keomixay elaborated the Vision 2030 of the Lao Government, the 2025 Socio-economic Development Strategy and the 8th Social and Economic Development Plan 2016-2020. One of key elements to achieve those goals is the contribution of the domestic and foreign investments.
Minister Keomixay also shared the new business opportunities in Laos and encouraged the investors to explore the potential of the promising infrastructure development and the integration of Laos to ASEAN and the region. Under the Chairmanship of ASEAN in 2016, Laos has been working closely with the ASEAN member States and dialogue partners to foster the integration and conducive business environment.
Minister Keomixay emphasized that the special and specific economic zones would provide business opportunities in manufacturing and service sectors. Currently, two out of total 12 SEZs were here with us and they were very happy to explain about the advantages of investing in their zones and talked with Japanese investors in person.
Savan Park is located in Savannakhet Province (central part of Lao PDR) which takes full advantage of the East-West Economic Corridor. This SEZ covers the total land area of 234 Hectare (ha) and 47 enterprises registered in the zone.
Pakse-Japan SME Zone is located in Champasack Province (southern part of Lao PDR) and it is one part of Champasack SEZ with total area of 995 Ha. It was established in 2015 and aims to target Japanese SMEs.
SEZs in Lao PDR features several incentives which are considered having several competitive incentives comparing to incentives granted outside the SEZs.