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                        | A group photo is taken at the Savannakhet Dry Port  in recognition of the visit by Deputy Prime Minister Dr Sonexay Siphandone. |  Savannakhet Dry Port becomes international  cargo checkpoints A visit to  the Savannakhet Special Economic Zone C – Savan Park and Savannakhet Dry Port  by Deputy Prime Minister Dr Sonexay Siphandone and his delegation marks an  important step in the development of the site to becoming an international  checkpoints. The visit was made to follow up  the process of upgrading the Dry Port to international checkpoints under Prime  Minister’s Decree No. 510.
 The group was welcomed by the  Governor of Savannakhet, Mr Santiphap Phomvihane; the Chief Executive Director  of the SEZ, Mr Phanomkone Dararasmy; the General Manager of Savan Park, Mr Tee  Chee Seng; CEO of Savan Logistics and Founder of the Savannakhet Dry Port, Mr  Jean Pierre Grzelczyk; and other officials.
 The delegation also had a  meeting with representatives of the dry port and related officials in order to  translate the details of the Prime Minister’s Order together for correct  implementation by all sides.
 During the meeting at the  Savannakhet SEZ, Mr Tee Chee Seng said the development plan for Savannakhet  Special Economic Zone C – Savan Park and logistics services in the
 
                        
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                          | Dr Sonexay Siphandone hears about the development plan  of the Savannakhet SEZ during a meeting at the site on Friday. |   Savannakhet  SEZ would see the site become an international checkpoints for goods under the  United Nations Economic and Social Commission for Asia and the Pacific  (UNESCAP) intergovernmental agreement on dry ports, to which Laos is a party  and has ratified the agreement, as well as Prime Minister’s Order No. 510.The area of the Savannakhet Dry  Port is being developed by Savan Logistics with the United Nations Code for  Trade and Transport Locations (UN/LOCODE) “LASAV”.
 
 
                        
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                          | (From left) Mr  Jean Pierre Grzelczyk and Mr Tee Chee Seng welcome Dr Sonexay Siphandone on  November 11. |  Savan Dry Port has its own  bonded road access, linking from the second Lao-Thai Friendship Bridge to the  dry port over a distance of nearly 4 kilometres and is about 200 kilometres  from the Dansavan international border checkpoint (Laos-Vietnam). It is located on the East-West  Economic Corridor, through National Road 9 in Savannakhet province.
 It was the first Special  Economic Zone to be built in Laos and the Savannakhet Dry Port was the first  approved dry port to be acknowledged by UNESCAP.
 The site is a model dry port and  supports the Lao government’s policy to turn Laos from being landlocked to a  land-link country as well as become a logistics hub.
 Mr Tee Chee Seng said the dry  port currently has containers with Lao flag logos that can ship goods to Hong  Kong and other destinations such as Vietnam, Malaysia, Thailand, Singapore,  China and Myanmar.
 The Savan Seno Special Economic  (Savan Park Zone C) has been built on 234 hectares.
 Former President Bounnhang  Vorachit signed a ratification of the Savannakhet Dry Port to comply with  UNESCAP requirements on October 16, 2019.
 The Savan Seno Special Economic  Zone is part of the Greater Mekong Sub-Region (GMS) development programme.
 As of November 2022, a total of  193 companies are currently registered, while the value of investment has risen  to over US$584 million.
 The value of transit cargo at  Savannakhet Dry Port in 2020 was US$6,855,500,323, rising to US$9,445,539,694  last year.
 The value of imports and exports  through the site reached US$9.5 billion in 2021, while the value of imports and  exports from January to October this year amounted to nearly US$4.7 billion.
 From January to September this  year, Savannakhet SEZ authorities paid over 28 billion kip in taxes.
 Savan Park is fully protected by  Prime Minister’s Decree 177, which is dedicated to investment in the Savan Seno  Special Economic Zone and was approved in 2003.   As of today, the zone is still complying with this decree and investors  are confident in it.
 The Prime Minister’s Decree  offers a 2-to10 year tax holiday, 8 percent or 10 percent company profit tax, 5  percent personal income tax, zero VAT, zero customs duty, and other incentives  to businesses investing in the zone for a period of 75 years.
 
 By Advertorial Desk (Latest Update November 15, 2022)
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