Ambassador: economic diplomacy contributes to Vietnam-Laos ties
Promoting economic diplomacy in Laos has become an important focus of the Vietnamese Embassy and representative agencies there as it not only strengthens bilateral economic and trade ties but also cements great friendship, special solidarity and comprehensive cooperation between the two countries, according to Ambassador to Laos Nguyen Ba Hung.
Vientiane (VNA) – Promoting economic diplomacy in Laos has becomean importan൲t focus of the Vietnamese Embassy and representative agencies thereas it not only strengthens bilateral economic and trade ties but also cementsgreat friendship, special solidarity and comprehensi🌌ve cooperation between thetwo countries, according to Ambassador to Laos Nguyen Ba Hung.
Inan interview recently granted to the Vietnam News Agency, Hung said economic diplomacy in Lao now focuses on trade andinvestment which has been growing. Overthe past years, the Vietnamese Embassy in Laos has grasped situation and businessenvironment there to offer consultancy to Vietnamese firms. Inorder to protect legitimate interests of Vietnamese enterprises, the embassy has workedwith the Vietnam Trade Office in Laos to update them about the latestregulations in fields of their interest, assist domestic agencies in holdingtrade fairs in Laos, evaluate the efficiency of projects funded by theVietnamese Government, and realise agreements reached by the two countries’leaders.
Ambassador to Laos Nguyen Ba Hung (Photo: VNA)
According to Hung, the Lao Government has ordered that all difficulties faced by the Vietnamese firms and reported bythe Vietnamese Embassy must be dealt with. Commenting on advantages in doingbusiness in Laos, the diplomat said both nations boast fine relationship while Laosholds huge potential of cooperation, especially in mining. The Lao NA also approved a number of newlaws to improve the transparency of the domestic business environment and attractmore foreign investors, particularly those from Vietnam. About disadvantages, he said the implementation of policies in several administration agencies and localauthorities remains inconsistent. The Vietnamese enterprises are also undermounting pressure from those in other countries. Inthe near future, Hung said the embassy will offer suggestions to attract more Vietnameseinvestors to large-scale projects in Laos, especially in hi-tech agriculture forexport to Vietnam and other countries.
At the same time, it will provide consultation on the linkage betweenthe two economies to realise bilateral agreements on infrastructure and goodstransportation.
According to the diplomat, Laos is cert🔯ainly an important market of Vietnamwith ample opportunities./.
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Lao Bao international border gate (Photo: VNA) 
Ambassador to Laos Nguyen Ba Hung (Photo: VNA) 
