As one of the top three foreign investors in Laos, Vietnam has funneled nearly 5.5 billion USD into 240 projects in the country so far, contributing greatly to the local socio-economic development.
A Lao worker at a banana processing facility of the Nam Laos agricultural company (Photo: VNA)
Vientiane (VNA) – As one of the top three foreign investors in Laos, Vietnam has funneled nearly 5.5 billion USD into 240 projects in the country so far, contributing greatly to the local socio-economic development.
One typical example is the Nam Laos agricultural company in Attapeu and Sekong provinces, which is invested by private conglomerate Truong Hai Group (THACO). The company is building an agricultural complex on 27,000ha of land at the total cost of 750 million USD from 2024-2028. It expects to generate 25,000 jobs in 2028.
Lone Phommachak, a local in Attapeu province, said she and her husband have been working at the company for three years, and earned total 461 USD per month, much higher than the wage that her friends could get working in urban areas hundreds of kilometres away from their homes.
Besides, free medical examinations, free accommodations with essential items and insurance coverage are 🏅among the benefits that the couple have got.
The Nam Laos agricultural company has arranged accommodations for its staff. (Photo: VNA)
In the same vein, Ichnaly Khamsuan and Duangchan Sengduong, all residing in Attapeu, feel satisfied and want to stay with the company for a long period.
Deputy Director of the company Nguyen Nhat Tuan told the Vietnam News Agency's correspondents in Laos that as human resources development is a prerequisite for the firm’s foundation, it has created attractive wage policies, paid due attention to social welfare work, and arranged training courses to improve workers’ skills.
Speaking highly of the company’s investment, Director of the Department of Planning and Investment of Attapeu province Sounnakhone Keoviengkham said that the company’s policies have helped workers feel more secure about a stable life.
He highlighted that the Vietnamese firm has created a large number of jobs for Lao workers, contributing to handling unemployment in Attapeu province and the southern region of Laos as a whole./.
Minister of Industry and Trade Nguyen Hong Dien and Lao Minister of Industry and Commerce Malaithong Kommasith signed a new Vietnam-Laos trade agreement following their talks in Vientiane, Laos, on April 8.
Vietnam has invested over 3.7 billion USD in 110 projects in the Lao and Cambodian provinces located in the three countries’ Development Triangle so far, statistics show.
Over the past years, Laos has always attracted the most foreign direct investment (FDI) from Vietnamese enterprises and these projects have made important contribution to enhancing the two countries’ special relations, according to Lao officials.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
