The Petro Lao Bonded Fuel Depot project is expected to contribute about 30 billion VND annually in fees through the Cha Lo International Border Gate (Quang Binh) once operational.

Quang Binh Economic Zone's Management Board has held a ceremony to grant the investment policy decision and investment registration certificate for the Petro Lao Bonded Fuel Depot project to Petro Lao Co., Ltd.
The project involves the construction of a bonded fuel depot and oil pipeline from Hon La seaport, Quang Binh province, to Khammouane province (Laos). This is part of the bilateral cooperation agreement between the Government of the Socialist Republic of Vietnam and the Government of the Lao People's Democratic Republic for the period 2016 - 2020, signed on December 27, 2015. The project covers an area of 9.36 hectares, with a total investment of 589,443 billion VND.
Mr. Somvang Vongvilay, Chairman and Director of Petro Lao Co., Ltd., said that Quang Binh province has implemented open investment attraction policies, with proactive local government support creating favorable conditions for investors. Once completed, it is expected to employ 100 - 200 local workers and contribute about 30 billion VND annually in fees through the Cha Lo International Border Gate.
The Vice Chairman of Quang Binh Provincial People's Committee granted the investment policy decision for the Petro Lao Bonded Fuel Depot project to Petro Lao Co., Ltd.
At the ceremony, Mr. Phan Phong Phu, Vice Chairman of the Quang Binh Provincial People's Committee, said that the implementation of the Petro Lao Bonded Fuel Depot project has significantly contributed to strengthening and enhancing the special friendship between Vietnam and Laos. Additionally, it will promote regional economic development, create local employment opportunities, and contribute to the provincial budget.
He required Petro Lao Co., Ltd. to adhere to its commitment to mobilize sufficient funding for the project's construction, ensuring to start construction in December 2025, complete and put into operation in June 2027.
He also required departments, sectors, and localities to coordinate closely to support investors in completing all procedures in compliance with the law. It is necessary to pay attention to regulations regarding national defense and security in coastal border areas, management of foreign labor, and recruitment of local labor to ensure security and community benefits.