(QBĐT) - On the morning of January 20, the Provincial Economic Zone Management Board held a ceremony to hand over the investment policy decision and investment registration certificate for the Petro Lao Bonded Petroleum Depot project to Petro Lao Company Limited.
Attending the ceremony were comrade Phan Phong Phu, Provincial Party Committee member, Vice Chairman of the Provincial People's Committee; representatives of leaders of relevant departments, branches, units and localities.
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The project to build a bonded warehouse and oil pipeline from Hon La seaport, Quang Binh province to Khammouane province (Laos) is part of the bilateral cooperation agreement between the Government of the Socialist Republic of Vietnam and the Government of the Lao PDR for the period 2016-2020 signed on December 27, 2015. The project covers an area of 9.36 hectares, with a total investment of VND 589,443 billion.
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Expressing his sincere thanks to the leaders of Quang Binh province and the departments, branches, and localities for their attention and support during the project implementation, Mr. Somvang Vongvilay, Chairman and Director of Petro Lao Company Limited, affirmed: Quang Binh is striving to change and is a potential investment destination. In addition to the advantage of synchronous infrastructure, Quang Binh province has had open investment attraction policies, the local government has resolutely implemented them and is very interested in creating favorable conditions to support investors.
When the project is completed and put into operation, it is expected to employ 100-200 local workers and contribute about 30 billion VND/year tolls through Cha Lo International Border Gate.
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Speaking at the ceremony, Mr. Phan Phong Phu, Vice Chairman of the Provincial People's Committee, emphasized: The implementation of the Petro Lao Bonded Petroleum Depot project has made an important contribution to consolidating and enhancing the special friendship between Vietnam and Laos. At the same time, it promotes regional economic development, creates jobs for local workers and contributes to the provincial budget.
He requested Petro Lao Company Limited to fulfill its commitment to mobilize sufficient capital to implement the project, ensuring it will start construction in December 2025 and be completed and put into operation in June 2027.
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He requested that departments, branches and localities closely coordinate, guide and require investors to carry out investment procedures to ensure compliance with legal regulations. Pay special attention to complying with legal regulations in ensuring national defense and security in maritime border areas; manage the activities of people and vehicles in the maritime border areas of the Socialist Republic of Vietnam in accordance with regulations; comply with regulations on foreign workers working in Vietnam and recruit and manage Vietnamese workers working for foreign organizations and individuals in Vietnam.
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On the occasion of the Lunar New Year 2025, the Vice Chairman of the Provincial People's Committee wished the investors good health, wished Petro Lao Company Limited sustainable development, and strive to soon put the project into effective operation.
Hanoi
Source: https://www.baoquangbinh.vn/thoi-su/202501/trao-giay-chung-nhan-dau-tu-du-an-kho-xang-dau-ngoai-quan-petro-lao-2223868/
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