The Lao government believes that the Laos-China Railway will be a huge boost to economic and trade cooperation between Laos and China in the coming years. In 2021, the value of trade between the two countries soared to $4.35 billion, an increase of 21.4 per cent compared to the previous year, according to the Laos-China Cooperation Commission.
VIENTIANE (Vientiane Times/Asia News Network): The government believes that the Laos-China Railway will be a huge boost to economic and trade cooperation between Laos and China in the coming years.
VIENTIANE (Vientiane Times/ANN): The construction of roads and railways connecting production zones to the Laos-China economic corridor is essential if Laos wishes to significantly benefit from regional integration.
Deputy Prime Minister and Minister of Planning and Investment, Dr Sonexay Siphandone, told the National Assembly recently that the government is concentrating on building a railway and an expressway as part of the Laos-China economic corridor.
“Basically, we are focusing on railway development, especially the construction of four major rail stations that will become the hubs of new modern towns. These towns will be connected to industrial parks and agricultural production zones in 10 provinces through the improvement of roads, ” the Deputy PM said.