Savannakhet, Thai provinces foster economic cooperation
SAVANNAKHET province and four provinces in Thailand have agreed to develop their economic cooperation, especially in the fields of trade and investment.
High-level delegations from Thailand’s Sakon Nakhon, Nakhon Phanom, Amnatchareun and Mukdahan provinces recently met with Savannakhet authorities to discuss cooperation in trade, investment and tourism.
The delegations informed each other about their respective socio-economic development status.
Savannakhet provincial governor Santiphab Phomvihane reported that the province’s GDP growth increased from 10 per cent in 2010 to 12.5 per cent in 2015, with annual average GDP per capita rising from $897 in 2010 to $1,785 last year.
Foreign investment amounted to $5.2 billion last year, a 58 per cent increase compared to five years ago.
He said the province currently has 160 investment projects operated by companies from more than 20 countries, and numerous modern factories have set up business in the Savan-Seno special economic zone, the Dansavan border area and outside the special zone.
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