It is invested and developed by Yunnan Construction and Investment Group and Vientiane Capital Authority. The development zone is a key cooperation project between the government of China and Laos. It is also recognized as a state-level overseas economic and trade cooperation zone of China and a special economic zone of Laos, respectively.
It has been written into the Action Plan for a community of Shared Future. By adhering to an integration model of industry and city, the zone has identified its function as an industrial park and a new city of Vientiane, and attempt to invest approximately 5 billion U.S. dollars.
So far, SDZ has completed the first stage of infrastructure construction which covers an area of 4 square kilometers, attracting nearly 100 enterprises to sign the contract. Nowadays, SDZ is working for the second stage of construction for basic infrastructure and other supporting facilities to create a new city of Vientiane that is “green, ecological, tranquil and modern”.
In July 2020, China and Laos signed a document with regards to the cooperation in establishing the Saysettha Low-carbon Demonstration Area in Vientiane. According to the contract, China will provide aid to Laos in addressing climate change, including solar LED street lamps, new-energy buses, trucks, together with other vehicles and monitoring equipment. China also works out a plan for the low-carbon demonstration zone.
The establishment of a Low-carbon Demonstration Area will accelerate the ecological development of SDZ, promote South-South Cooperation for climate change, and facilitate international industrial capacity cooperation.
With these efforts, it is expected that the development of Vientiane New City could be a model of a low-carbon and environmentally-friendly city in Laos and even broader Southeast Asia.
This event has arranged venues in both Yangzhou and Vientiane. Officials from China’s Ministry of Ecology and Environment, Lao Embassy in China, Laos Ministry of Natural Resources and Environment, Yangzhou and Gaoyou Municipality attended the delivery ceremony.
According to vientianetimes.org.la
