LAO PDR (Vientiane Times) - Champassak province and Tai Hoe Holdings will cooperate in conducting a development feasibility study to set up a smart and eco-city in Pakxe in the nation’s south, after reaching an agreement this week.
Director of the Champassak Department of Planning and Investment, Dr Souksavanh Vilaivong and Chairman of Tai Hoe Holding Company Limited, Mr Chen Zunyan signed an agreement on Tuesday.
Governor of Champassak province, Dr Bounthong Divixay, governor of Saravan province, deputy governors of Xekong and Attapeu provinces, and Vice President of the company, Mr Chen Neng Guang and its CEO, Ms Chen Xiu Juan, along with senior provincial officials and guests attended the signing ceremony.
Under the agreement, Tai Hoe will request land concessions to develop the Champassak urban area into a smart city and logistics hub in line with the government’s sustainable and environmentally friendly policies to modernise communities and strengthen local livelihoods.
Tai Hoe will be responsible for the economic and technical feasibility studies to establish the city, and provide practical expertise on a jewellery marketplace, agriculture and food processing, smart tourism hotel, education and training, a one-stop business service platform, healthcare products factory, online data centre and integrated payment platform.
Tai Hoe will develop the Sustainable Business Platform (Smart City) in which investors and local communities can find mutually profitable economic opportunities in Southern Laos. According to the Champassak Department of Planning and Investment, the inclusion of the smart city concept in the government’s 2019 work plan is seen as a significant intervention to bolster economic competitiveness so that Laos can attract more foreign investment.
The government has taken concrete action in translating the smart city concept into a working plan, and the initiative is one of several mega development projects the government plans to undertake.