New university to link up to SE Asian economic corridor
A new research university at Savannakhet – Laos’ second-largest city – in the western region is being built with loans and funding of up to US$40 million from the Asian Development Bank, or ADB, to provide skilled graduates for the region’s ‘economic corridor’ that runs through the area.
It will enable Laos – one of the poorest countries in the Association of Southeast Asian Nations or ASEAN – to develop a more educated workforce so that it can benefit from more interaction and trade with its neighbours as part of the ASEAN Economic Community which came into being at the end of 2015.
