Laos National Assembly Vice President: We are committed to supporting and creating the best conditions for THACO’s projects in Southern Lao

On September 4, a delegation from the Laos National Assembly led by Vice President Sommad Pholsena and a delegation from the Vietnam National Assembly led by Vice Chairman Nguyen Duc Hai visited THACO Chu Lai Industrial Park. They were welcomed by Quang Nam Party Secretary Luong Nguyen Minh Triet and THACO Chairman Tran Ba Duong.

At the meeting, the Quang Nam Party Secretary expressed his gratitude to the National Assembly of Vietnam and Laos for their ongoing support and attention to Quang Nam province and THACO. He emphasized that Quang Nam, once an agriculture-based province with limited financial resources, has experienced significant growth and made substantial contributions to the national budget. The Secretary credited THACO’s partnership and contributions as a key factor in this transformation.

Mr. Triet continued to express confidence that THACO's investment projects in southern Laos would contribute to the economic development of the region, mirroring its positive impact on Quang Nam. He emphasized that these investments would strengthen the special friendship and unity between Vietnam and Laos.

THACO is undertaking comprehensive circular organic agriculture projects in Laos. Simultaneously, the company is establishing a road transport route connecting southern Laos to Chu Lai Port. THACO Chairman Tran Ba Duong said: “Making the most of our existing resources and expertise, THACO is dedicated to the successful implementation of a large-scale, organic, and integrated circular agriculture project in Laos. We are also committed to developing a logistics network connecting southern Laos to Chu Lai Port and other seaports in central Vietnam. Our goal is to execute these projects effectively and sustainably, thereby contributing to the well-being of the Lao people and promoting economic development in Laos.”

The Lao and Vietnamese National Assembly delegations are touring the THACO Chu Lai Industrial Park

THACO proposed that policies and incentives be implemented to facilitate Lao enterprises in utilizing Chu Lai Port for import and export activities. Additionally, the company urged the National Assemblies, Governments, and Quang Nam provincial agencies to expedite public investment in route 14D and continue exploring and investing in connecting routes to shorten transportation distances. The company also requested support for completing legal procedures to dredge Cua Lo channel, which would contribute to reducing logistics costs for businesses in central Vietnam and southern Laos regions.

Speaking at the meeting, the Lao PDR National Assembly Vice President, Mr. Sommad Pholsena emphasized the special relationship between Quang Nam province and Laos, highlighting the growing closeness and effectiveness of their cooperation. After listening to the report and visiting THACO Chu Lai Industrial Park, he expressed his admiration for THACO’s scale, commending the company’s commitment to its projects in Laos. He cited the Nong Khang airport in Hua Phan province, completed by THACO in 2023, as a prime example of its successful implementation and effective operation, serving the needs of Lao airlines. The Vice President pledged to advocate for the creation of optimal conditions for THACO to execute projects and conduct business effectively in Laos upon his return.