post about SEZs

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http://www.savancity.org/

http://pid.adb.org/pid/TaView.htm?projNo=42032&seqNo=01&typeCd=2

Building Lao PDR’s Capacity to Develop Special Economic Zones (SEZ)


Promoting foreign and local investments in order to sustain rapid economic growth


Since 2002, the Government of Lao PDR has embarked on an industrial strategy and policy to help narrow the gap and integrate its economy to the one of other ASEAN countries. Within this context, the Government of Lao PDR has undertaken great efforts to achieve the goal of putting off the least developed country status by 2020. The 6th National Social and Economic Development Plan, 2006-2010, and the Medium Term Strategy and Action Plan for Industrial Development of 2003, prepared by UNIDO support, recognize the private sector as the engine of growth for industrial development.

A sustainable capitalization through foreign and local investments is a backbone of the country’s industrial development . Based on the Laos Investment Law and Regulations, the Government has decided to establish Special Economic Zones (SEZs) in order to increasingly constitute a main vehicle in promoting foreign and local investments in the local industry.

The government recognizes that, by offering tax incentives and privileged trading terms for manufacturing-based exports, SEZs can indeed attract foreign investment, spur employment and boost the development of improved technologies and infrastructure. Experiences in Asia have shown that a well-designed and implemented SEZ can produce many desired benefits for the country’s general economic growth.

As a joint initiative, A Memorandum of Understanding (MoU) was signed by the Government of Lao PDR, UNIDO and the Asian Development Bank (ADB) in April 2008. The ADB Technical Assistance proposal was approved for implementation on 27 November 2008.

http://www.unido.org/index.php?id=1000677

Decree on SEZ and road map to take effect soon


on July 3rd

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(KPL) A new draft decree on special economic zone (SEZ) and its road map are expected to be promulgated soon for the management of special economic zones nationwide.

The discussion on the new draft decree was held recently between the Secretariat to the National Steering Committee for Special Economic Zone projects and representatives of international organizations, ministries, provinces, the board and council of special economic zone and some developers.

The draft decree on SEZ and road map will set discipline, regulation, policy, measures, other activities and other SEZ management in the Lao PDR.

The decree will promote all parts of business investment in infrastructure development, public facilities, business operation, market-oriented production, service and market-oriented economy.

This is a key to ensure better service, attract more investment and facilitate investment in the SEZ. The government has provided alternative policies particularly effective mechanism of SEZ management such as just one stamp of authorization should be applicable for the whole process of documentation and coordination.

This will be an effective shortcut and replace the former red tape, which was time-consuming. The meeting was presided over by Mrs Bouapha Khatthiya, Director General of the Secretariat to the National Steering Committee for Special Economic Zone Project in Laos.

http://laoinvestorshouse.com/2010/07/03/decree-on-sez-and-road-map-to-take-effect-soon/

they should build at least one on the cambodia/lao border to serve as a logistics centre