On August 30, 2022, Thai Medical Glove Company Limited by Dr. Boon Wanasin, Chairman of the Board Has held a signing ceremony of a memorandum of understanding for joint investment in duty free business in the Lao People’s Democratic Republic with Daoruang Group Co., Ltd. at the Nakara 3 meeting room, Royal Nakara Hotel. Nong Khai Province It was honored by Mr. Monsit Paisanthanawat, Governor of Nong Khai Province, and Mr. Khamphan Anlawan, Ambassador of the Lao People’s Democratic Republic. in Thailand witness the signing ceremony In addition, Mrs. Lueang Liddang, Chairman of the Board of Directors of Daoruang Group Company Limited, and Mr. Kabil Sompongchaikul, Managing Director of KPP Development Company Limited, were also appointed representatives from both sides with honored guests from both Thailand and Lao PDR participated in many such ceremonies.
Joint investment in this duty free business will operate in the area of the border trade economic zone at the Lao-Thai Friendship Bridge 1, which is the zone that is allowed to do duty-free business At present, the said area is owned by Daoruang Group Co., Ltd. and will operate in other areas. which is the location of all branches of the duty free business both open for business at present and that will open new branches in the future such as Wat Tai Airport, Luang Prabang Airport, Savannakhet Airport, Pakse Airport, Boten BTS Station, Boten Border, World Trade Center and The dry port terminal, which in the future will be developed into a distribution center in the Mekong Sub-region, for example, with an investment of more than 500 million US dollars. The contract period is 50 years in order to push forward. To become a duty-free trading center of Lao PDR and the Greater Mekong Subregion (GMS), which will help the economy of Lao PDR recover. and came back to be strong again after facing the economic crisis Both from the epidemic situation of the Coronavirus Disease 2019 (Covid-19), causing severe inflation. Amid the sharp depreciation of the kip currency and oil shortages occurred across the country due to the Russo-Ukrainian war.
side Dr. Boon Wanasin Chairman of the Board Thai Medical Glove Co., Ltd. said, “At present, Lao PDR There is a very advanced logistics system. This can be seen from the Laos-China railway. officially opened in December 2021 as part of the China-Indochina Economic Corridor. Under the Belt and Road Initiative (BRI), the Chinese government aims to connect more than 70 countries across Asia, Africa and Europe, while integrating with the Lao PDR strategy. who want to change themselves from the country landlocked to become the center of land connection Connecting between Vientiane, Lao PDR and Kunming capital city of Yunnan Province People’s Republic of China Although initially this railway was primarily used for cargo transportation. But when the COVID-19 situation begin to unravel are open to travel across the country This will make this railway route, in addition to being used to link Laos-China economic cooperation. can also connect tourism between China – Laos and various countries In addition, Lao PDR has jointly invested with Vietnam in the development of deep sea ports. to be able to accommodate large cargo ships to be a sea exit for Lao PDR This will be very useful for countries in the ASEAN region. and the People’s Republic of China We see business opportunities in Lao PDR. Therefore, together with Daoruang Group Company Limited, which owns several duty free business licenses in Lao PDR, to invest in doing business together. This will not only create a duty-free trade center of Lao PDR, but also promote trade, investment and tourism in the Mekong Sub-region. This will help restore the economy of Lao PDR. and in the mother region The Mekong River will grow and become strong again.”
side Mrs. Lueng Liddang Chairman of the Board of Directors of Daoruang Group Co., Ltd. said, “Joining the business in This time is considered another step of success of the Dao Ruang Group, which in addition to promoting the economy of Thailand and Lao PDR. to progress It will also encourage the economy in this sub-region to grow even more.”
on the side Mr. Bill Sompongchaikul Foreign Investment Advisor, Thonburi Healthcare Group Public Company Limited, said, “In addition to joint investment in trade, There will also be a joint investment in public health with Lao PDR, which will build three 150-bed hospitals, namely Mittraphar Hospital. Vientiane in collaboration with the Ministry of Public Health of Lao PDR, the World Trade Center Hospital and Champasak Hospital.”
