26 April 2017
LAOS: Laos Signs Deal to Operate Port Facilities in Neighbouring Vietnam
Laos is to develop and operate the Vung Ang Port in neighbouring Vietnam. With no coastal access of its own, Laos has secured a 50-year deal to manage the facility, with an option to extend the arrangement still further.
No date has yet been announced as to when the new arrangement will come into force. It is, however, said to be high on the agenda of the Laos government during the Vietnamese Prime Minister’s current state visit to the country, which is scheduled to finish on 27 April.