Prime Minister Nguyen Tan Dung and his Lao counterpart ThongsingThammavong co-chaired the Vietnam-Laos investment cooperation conferencein Vientiane on Sept. 10.
At the conferencewith the participation of more than 300 businesses from the twocountries, Lao leaders briefed the participants of their country’spotentials and investment encouragement and discussed issues ofVietnamese investors’ concern.
Vietnamese businessesproposed the Lao Government have policies for training local workersand increase investment in building transport, power and communicationsinfrastructure in regions where bilateral cooperation projects are beingcarried out.
They said they hoped the LaoGovernment will continue creating a transparent investment environmentand reforming investment procedures to facilitate Vietnamese businesses’long-term investment in Laos.
Addressing theevent, PM Dung proposed the two Governments develop a favourable legalenvironment to speed up the implementation of licensed projects and giveorientations of cooperation for localities and businesses.
Bothsides’ localities need to increase dialogue and information exchange aswell as apply new appropriate forms of cooperation to promote theiradvantages and potential, he said.
The PM also urged businesses and investors to accelerate progress of projects, raising efficiency in cooperation.
TheVietnamese Government highly values Laos’ policy of promoting specialfriendship with Vietnam as well as its efforts to facilitateVietnamese investors’ operations in Laos, PM Dung stressed.
Lao PM Thongsing Thammavong affirmed Vietnam’s investment projectsin Laos have contributed to Laos’ socio-economic development, addingthat Vietnam is an exemplary foreign investor in Laos.
Whileaffirming that the Lao Government always encourages and createsconditions for Vietnamese investors in Laos, he called on Vietnamesefirms to continue investing in Laos at a larger scale.
At theevent, the two PMs witnessed the signing of a number of importantprojects, including the construction of a hydro-electric power plant bythe Hoang Anh-Gia Lai Group, the Petrolimex Laos, the five-starVientiane Complex, and cooperation agreements on construction anddevelopment of a new airport in Houa Phan province and severalhydro-electricity plants.
Also the same day, the two PMs attended a ground-breaking ceremony of the 70 million USD hotel and apartment Vientiane Complex.
Vietnam is among leading foreign investors in Laos with 203projects worth 3.3 billion USD. In the first eight months of this year,the total registered capital of Vietnamese firms in Laos reached 469million USD.
Vietnam’s projects mainly involve in serviceswith total investment of 1.07 billion USD, electricity with 867 millionUSD, and agriculture with 791 million USD.
The same day, the Prime Minister and his entourage left Vientiane, wrapping up his official visit to Laos./.
At the conferencewith the participation of more than 300 businesses from the twocountries, Lao leaders briefed the participants of their country’spotentials and investment encouragement and discussed issues ofVietnamese investors’ concern.
Vietnamese businessesproposed the Lao Government have policies for training local workersand increase investment in building transport, power and communicationsinfrastructure in regions where bilateral cooperation projects are beingcarried out.
They said they hoped the LaoGovernment will continue creating a transparent investment environmentand reforming investment procedures to facilitate Vietnamese businesses’long-term investment in Laos.
Addressing theevent, PM Dung proposed the two Governments develop a favourable legalenvironment to speed up the implementation of licensed projects and giveorientations of cooperation for localities and businesses.
Bothsides’ localities need to increase dialogue and information exchange aswell as apply new appropriate forms of cooperation to promote theiradvantages and potential, he said.
The PM also urged businesses and investors to accelerate progress of projects, raising efficiency in cooperation.
TheVietnamese Government highly values Laos’ policy of promoting specialfriendship with Vietnam as well as its efforts to facilitateVietnamese investors’ operations in Laos, PM Dung stressed.
Lao PM Thongsing Thammavong affirmed Vietnam’s investment projectsin Laos have contributed to Laos’ socio-economic development, addingthat Vietnam is an exemplary foreign investor in Laos.
Whileaffirming that the Lao Government always encourages and createsconditions for Vietnamese investors in Laos, he called on Vietnamesefirms to continue investing in Laos at a larger scale.
At theevent, the two PMs witnessed the signing of a number of importantprojects, including the construction of a hydro-electric power plant bythe Hoang Anh-Gia Lai Group, the Petrolimex Laos, the five-starVientiane Complex, and cooperation agreements on construction anddevelopment of a new airport in Houa Phan province and severalhydro-electricity plants.
Also the same day, the two PMs attended a ground-breaking ceremony of the 70 million USD hotel and apartment Vientiane Complex.
Vietnam is among leading foreign investors in Laos with 203projects worth 3.3 billion USD. In the first eight months of this year,the total registered capital of Vietnamese firms in Laos reached 469million USD.
Vietnam’s projects mainly involve in serviceswith total investment of 1.07 billion USD, electricity with 867 millionUSD, and agriculture with 791 million USD.
The same day, the Prime Minister and his entourage left Vientiane, wrapping up his official visit to Laos./.
