The Vietnamese Embassy in Laos, in cooperation with the Association ofVietnamese Investors in Laos (AVIL) and relevant authorities, held aconference in Laos in Vientiane on September 15 to seek to improveVietnam’s investment projects in Laos.
Over 100Vietnamese officials and business representatives participated in theevent which came at a time when Vietnam and Laos’ economies face anumber of challenges due to regional and global uncertainties.
Thanks to the implementation of the high-level agreements between thetwo Parties and States, Vietnam remains a top investor in Laos withmore than 400 projects and a total investment capital of over 5 billionUSD. Since taking up operations, many projects have actively contributedto Laos’ economy and created thousands of jobs for local residents.
Minister Counsellor Tran Manh Cuong highlighted the achievementsand shortcomings, and proposed measures to improve Vietnam’s investmentsin Laos in the future.
Participants debatedmeasures to speed up the making of the Government ‘s investment strategyin Laos by 2020, and to reduce the time spent on administrativeprocesses and simplify procedures in order to create favorableconditions for businesses and provide them with better access tocredit.
Inefficient projects will be discontinued, and State management of enterprises will be increased, they stressed.
Vietnamese Ambassador to Laos Nguyen Manh Hung highly valued theideas contributed by businesses and vowed to pass them on to the 37 thmeeting of the Vietnam-Laos intergovernmental committee in Laos at theend of 2014.-VNA
Over 100Vietnamese officials and business representatives participated in theevent which came at a time when Vietnam and Laos’ economies face anumber of challenges due to regional and global uncertainties.
Thanks to the implementation of the high-level agreements between thetwo Parties and States, Vietnam remains a top investor in Laos withmore than 400 projects and a total investment capital of over 5 billionUSD. Since taking up operations, many projects have actively contributedto Laos’ economy and created thousands of jobs for local residents.
Minister Counsellor Tran Manh Cuong highlighted the achievementsand shortcomings, and proposed measures to improve Vietnam’s investmentsin Laos in the future.
Participants debatedmeasures to speed up the making of the Government ‘s investment strategyin Laos by 2020, and to reduce the time spent on administrativeprocesses and simplify procedures in order to create favorableconditions for businesses and provide them with better access tocredit.
Inefficient projects will be discontinued, and State management of enterprises will be increased, they stressed.
Vietnamese Ambassador to Laos Nguyen Manh Hung highly valued theideas contributed by businesses and vowed to pass them on to the 37 thmeeting of the Vietnam-Laos intergovernmental committee in Laos at theend of 2014.-VNA
