Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.
New Vietnam-Laos International Border Gates LaunchedFriday, June 27, 2014 > 09:25:53
Vietnam and Laos on Wednesday launched two newly upgraded international border gates linking Vientam's central province of Quang Tri and southern Salavan province in Lao, Vietnam News Agency (VNA) reports.
The La Lay (Quang Tri)-La Lay (Salavan) border gates are expected to boost cooperation and trade exchanges between the country's central provinces and Lao, Thai and Cambodian localities along the East-West Economic Corridor.
They are hoped to promote economic, cultural and tourism ties among boundary provinces of Vietnam and Laos, and contribute to improving socio-economic development and security-defence in border areas of both countries.
To date, eight international border gates, seven main gates and 16 auxiliary gates have been set up along the 2,000-km shared border between the two countries to meet demands of trade activities.
Deputy Prime Minister and Foreign Minister Pham Binh Minh said at the inauguration ceremony he believes the new border gates would open up new opportunities in trade, investment and tourism for localities in Vietnam, Laos, southeast Thailand and northeast Cambodia.
"We hope the gate would attract more investment to the region and boost Asean connectivity towards the establishment of an Asean Community by 2015," he said.
Lao Deputy Prime Minister and Foreign Minister Thonglun Sisulith said the 834 markers planted along the shared border reflect the wish of both countries to build a border of peace, friendship and prosperity.
He expressed belief that the La Lay border gates would help raise two-way trade, ease travel and tourism activities and expand connectivity between Quang Tri and Salavan provinces and the region as a whole.