The inauguration ceremony of the Vientiane Saysettha Low-Carbon Demonstration Zone jointly built by China and Laos was held via video conferencing on Friday.
The event indicates construction of the demonstration zone has entered a new phase, opening a new chapter for China-Laos cooperation to address climate change in the framework of South-South cooperation.
Zhao Yingmin, vice minister of China’s Ministry of Ecology and Environment, said in his speech that the low-carbon demonstration project in the Vientiane Saysettha Development Zone (SDZ) serves as an important step to implement the action plan on building the China-Laos community with a shared future, and highlights the joint efforts addressing climate change made by the two countries.
Located in Vientiane, capital of Laos, the SDZ covers an area of 11.5 square kilometers. It is a key cooperation project between the governments of China and Laos, with the zone expected to function as both an industrial park and a new town of the Lao capital, with a total planned investment of about 5 billion U.S. dollars.