Laos is seeking investment from Viet Nam in the Savan Seno Special Economic Zone (SEZ) in Savannakhet Province, a representative of the SEZ said during a seminar in HCM City on Thurday.

The seminar on “Investment Promotion in Savan Seno SEZ” was organised by the Laos consulate and HCM City’s Investment and Trade Promotion Centre (ITPC) in HCM City.

The event provided potential investors with essential information on the SEZ and preferential policies.

The Savan Seno SEZ, covering 1,000ha of land, is the first SEZ in Laos.

One of the key business sectors at the SEZ is Export Oriented Processing, which includes agricultural and food processing; copper and wood based production; auto, motorcycle assembling and maintenance; and textiles, garments, shoes and bag production.

A representative of the SEZ said that Laos is politically and economically stable, has a strategic geographical location, and is rich natural resources.

It also has generous tax incentives, a stable and low-cost electricity supply, and special privileges for exports.

A One Stop Service Centre would be another highlight at the Savan Seno SEZ.

Investors will be able to receive investment licenses, complete enterprise registration, and legally operate their companies within five working days.

The SEZ will also help with labour recruitment.

About 97 companies, mostly from Laos, Japan, France and Malaysia, have invested in Savan Seno SEZ.

The seminar was part of Laos Goods Week, which is being held between January 24- 28 in HCM City. — VNS