Laos' Luang Namtha province set to become international business centre

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VIENTIANE (Vientiane Times/ANN): The northern province of Luang Namtha will soon become a regional transport hub with investment in a dry port, thanks to its strategic location close to China – the world’s second biggest economy.

The Lao government has set aside a massive budget to develop and improve infrastructure in order to create better links with neighbouring countries.

Construction of the Vientiane-Kunming railway began on Dec 2,2015, when the Lao PDR celebrated its 40th anniversary. Road R3 has already been built from the Laos-China border to Thailand via Luang Namtha and Bokeo provinces. This route enables business operators to transport their goods from and to Thailand, Laos and China as a logistics hub in the region.

Bounsong said Luang Namtha was a small province with a land area of 9,191sq km, of which 85 per cent is mountainous. It has five districts and a population of about 189,000 people, with 17 ethnic groups that have their own traditions and cultures.

 

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