news-and-events

(Vientiane Times Newspaper) On May 11, 2015, Lao President Choummaly Sayasone and Myanmar President U Thein Sein opened the friendship bridge between the two countries.  This friendship bridge would facilitate the trade, investment and tourism between the two countries as well as the region. 

The bridge links Xienglab Township in Thachilek district of Myanmar's Shan State with Xiengkok village in Long district, Luang Namtha province, northern Laos. The construction cost of this bridge is US$26 million. This 30 month project was started 2013 and completed 5 ahead the schedule. 

On the opening remarks of Lao Foreign Affairs Minister Thongloun Sisulith and Mynmar Foreign Affairs Minister  U Wunna Maung Lwin commonly share  that this first friendship bridge between Laos and Myanmar reflect the closer ties between two countries,  friendship, good relations and mutual understanding  people between the two countries.

Construction of the bridge was first proposed by Vietnam at the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) meeting held in Yangon in October 2003.

The bridge will become an integral part of the GMS Northern Economic Corridor which will connect Vietnam's Haiphong Seaport and Myanmar's Kyauk Phyu Seaport through Laos.

Government working with private sector to reduce barriers to investment in Savannakhet Province.

 

Vientiane, 24th February, 2015. Private investments are driving provincial socio-economic development in Savannakhet Province, with 36 per cent of total investment attributed to the private sector, according to the latest data from the Savannakhet Department of Planning and Investment Promotion. Savannakhet Province boasts investment opportunities in organic agriculture, food processing, tourism and education as well as Special Economic Zone opportunities. However, growth in private investment still faces significant policy, taxation and administrative hurdles.

Government working with private sector to reduce barriers to investment in Savannakhet Province.

 Laos and Korea organized a Laos-Korea Development Cooperation Forum 2012 in Vientiane Capital to encourage investments between two countries in December 13, 2012.

The forum was hosted by Korean Trade-Investment Agency (KOTRA) and Ministry of Knowledge and Economy (Republic of Korea) in cooperation with Ministry of Planning and Investment (Laos).

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Last update: 06 February 2020.