The Business Times
business-time-50

Vientiane Logistics Park – the new kid on the Asean bloc

Sitthi Logistics Lao has a 50-year concession to operate the park’s busy Thanaleng Dry Port

Summarise
google-preferred-sourceAdd BT as a preferred source
    • Thanaleng Dry Port has served as a customs and immigration checkpoint for decades between Thailand and Laos.
    • Thanaleng Dry Port has served as a customs and immigration checkpoint for decades between Thailand and Laos. PHOTO: VIENTIANE LOGISTICS PARK

    Peter Janssen

    Published Wed, Mar 20, 2024 · 02:41 PM

    [VIENTIANE] These days, no visit by business or diplomatic delegations to the capital of Laos is complete without a stopover at Thanaleng Dry Port, the beating heart of the country’s economic ambitions.

    Situated 15 kilometres east of Vientiane, and less than 1 km from the first Thai-Lao Friendship Bridge crossing the Mekong River (defining the Thai-Laos border), Thanaleng has served as a customs and immigration checkpoint for decades between the two neighbouring countries.

    Operations were upgraded significantly in December 2021 with the opening of a fully functional dry port for land-locked Laos.

    Asean BusinessAseanLaosLogistics

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More