11:29' 25/07/2008 (GMT+7)
VietNamNet Bridge – Deputy Prime Minister Nguyen Sinh Hung says the Government will create more favourable conditions to turn the Bo Y International Border Gate Economic Zone into a developed economic area.
He made the statement at his working session with the Management Board of the Bo Y International Border Gate Economic Zone in Central Highlands Kon Tum Province on July 24.
Deputy PM Hung was accompanied by his Lao counterpart Somsavat Lengsavad during his visit to the zone, which lies in an area bordering both Laos and Cambodia.
He affirmed the Vietnamese Government will work to further promote friendship with Laos and Cambodia and also improve the living conditions of the people residing in the zone.
Deputy PM Hung asked the Management Board of the Bo Y international border gate and the provincial authorities to concentrate on completing infrastructure in the economic zone in addition to creating an attractive investment environment to draw more local and foreign investors into the area.
For his part, Lao Deputy PM Somsavat Lengsavad stressed the important role of the Bo Y International Border Gate Economic Zone, pledging that his country will coordinate with Vietnam and Cambodia in an effort to spur the development of the zone.
The Bo Y International Border Gate Economic Zone is located in the core of the economic development triangle that was endorsed by the prime ministers of Vietnam, Laos and Cambodia in Vientiane on November 21, 2004.
According to Nguyen The Dat, Head of the Management Board of the Bo Y International Border Gate Economic Zone, the zone has so far been home to 24 investment projects with a total registered investment capital of 195,230 billion VND.
It will house Bo Y international airport jointly developed by the Global Investment Enterprise Corporation (GIEC), Sem Tech of Malaysia and PMC Group of Singapore at a cost of 6 billion USD.
(Source: VNA)
