China-Laos railway to reduce time transporting goods from Laos to EU

Lao Prime Minister Phankham Viphavanh said on October 6 that the China-Laos Railway will open on December 2 this year as scheduled, according to Vientiane Times.
China-Laos railway to reduce time transporting goods from Laos to EU ảnh 1Illustrative image (Photo: Xinhua/VNA)
Viantiane (VNA) -- Lao Prime Minister Phankham Viphavanh said on October 6 that the China-Laos Railway will open on December 2 this year asscheduled, according to Vientiane Times.

December 2 will mark the 46th anniversary of establishment ofthe Lao People's Democratic Republic.

The PM made the confirmation amid growing concerns thatthe escalating COVID-19 outbreak might affect the planned start of railwayservices. Currently, many provinces and Vientiane are under lockdown thatrestricts people's movements.

The local online newspaper quoted Phankham as saying thatthe government will go ahead with the opening as planned. He told reportersboth online and offline that "I confirm that the railway will surelyopen on December 2."

The Lao government is drawing up plans for the opening and operationof the railway under conditions that comply with COVID-19 control measures toensure the safety of everyone concerned.

Initially, railway operations will focus on freight transport.Services for tourists will be offered later depending on the circumstances inwhich traveler safety can be assured with respect to COVID-19 epidemic.

When it is able to operate normally, the Lao prime minister said, therailway will greatly benefit Laos given its significant role in bolsteringtourism and the transport of goods.

It is expected that the 422.4-km railway will cut the cost oftransport through Laos by 30-40 percent compared to travel by road, thusgiving a boost to trade and investment, Vientiane Times reported.

The railway would be a significant force in enabling Laos to be partof a new global supply chain, according to Vientiane Logistics Park Co.,Ltd., the developer of the Thanaleng Dry Port and Vientiane Logistics Park.

Chanthone Sitthixay, chairman of Vientiane Logistics Park Co., Ltd.,said the transport of goods from Southeast Asia to Europe via the railwaywould take just over 10 days, much shorter than using the sea route whichtakes about 45 days, and he predicted that countries in the region wouldchoose to ship their containers via the railway.

Initially, at least 300,000 containers from Laos, mainly from theThanaleng Dry Port, are expected to be shipped via the China-Laos Railway toEurope through China each year. Later, shipments are estimated to risefurther to between 1.2 and 1.8 million containers a year, according toChanthone./.
VNA

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.