Vice Chairman of Quang Binh Province, Phan Phong Phu (left), presents the project's investment approval decision to the leader of Petro Lao Co., Ltd.

The project involves constructing a bonded fuel depot and an oil pipeline from Hon La Seaport in Quang Binh Province to Khammouane Province in Laos.

This is part of the bilateral cooperation agreement between the Vietnamese and Lao Governments for the 2016-2020 period, signed on December 27, 2015. The project spans 9.36 hectares and has a total investment of over 589 billion VND.

According to Somvang Vongvilay, Chairman and General Director of Petro Lao Co., Ltd., the route from Quang Binh to Khammouane is the shortest and most favourable for constructing the bonded fuel depot and oil pipeline from Vietnam’s seaport to Laos.

Once completed, the project is expected to employ 100-200 local workers and contribute approximately 30 billion VND annually through Cha Lo International Border Gate fees.

Phan Phong Phu, Vice Chairman of the Quang Binh Provincial People’s Committee, emphasised, that the project would significantly strengthen the special friendship between Vietnam and Laos, boost regional economic development, and create jobs for local workers in both countries.

He urged Petro Lao Co., Ltd. to ensure sufficient funding for construction, begin work by December 2025, and complete the project by June 2027.