Vietnamese Ambassador to Laos Nguyen Ba Hung speaks at the talk (Photo: VNA)
Vientiane (VNA) – Vietnamese businesses in Lao satdown together to discuss their operation during the COVID-19 pandemic at a talkin the capital Vientiane on July 12.
A focus of attention at the event was the Lao Government’s financialand banking policies to support pandemic-hit enterprises and workers.
Speaking at the function, Vietnamese Ambassador to LaosNguyen Ba Hung said the Lao Government has carried out drastic measures toprevent and control the pandemic and mitigate its influences on the localsocio-economy.
Vietnamese businesses here have faced various difficulties,he said, adding that their operations were stalled with unstable humanresources and material sources.
The number of Vietnamese projects in Laos remains at 413with total value at 4.22 billion USD.
Hung recommended Vietnamese firms proactively seek ways to adaptto the new conditions and prepare for post-pandemic production and investment,suggesting they change management styles, apply new technologies, and seizeopportunities from the host country’s major infrastructure projects, which areabout to be completed.
Nguyen Van Binh, General Director of LaoVietBank and head ofBIDV’s representative office in Laos, said Laos has issued various financialand banking policies and run a number of preferential loan packages to helpenterprises during this difficult time.
Participating firms proposed the Lao Government allow entry ofVietnamese workers and clear hurdles to goods transport.
The talk was jointly held by the Vietnamese Embassy and theVietnam Business Association for Cooperation and Investment in Laos (Viet-LaoBACI)./.
Since Vietnam and Laos set up diplomatic relations in 1962, the relationship between the two countries has flourished thanks to efforts from both sides to make ties deeper and more effective, especially in economy, trade and investment.
Two Vietnamese businesses in Laos presented support in both cash and kind worth 370,000 USD to representatives of the Lao Government on April 6 to help with the host country’s fight against COVID-19.
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Vietnamese Ambassador to Laos Nguyen Ba Hung speaks at the talk (Photo: VNA) 
