Lao officials say the development of Laos' first special economic zone in Savannkhet is on track and is expected to meet completion schedule in two years as planned.
Thai investors who were given the right to develop the 270-hectare zone near the second Lao-Thai Friendship bridge expect to spend about $48 million on the development. Over 60 companies from Japan, South Korea, Malaysia, the United States, Thailand and other countries, have expressed interest in setting up factories in the Savanh-Seno Special Economic Zone.
In another development, Chinese investors have been granted license to enter into a $20-million joint venture with Laos to mine for precious stones in Bokeo.
Listen to our Laos Today report for more details in Lao.