Vietnamese firms in Laos gather to propose measures against difficulties
Over 100 Vietnamese firms doing business in Laos joined a conference in Vientiane on November 22 to collect raise their ideas to be submitted to the two Prime Ministers so as to ease difficulties they are facing.
Vietnamese Ambassador to Laos Nguyen Ba Hung at the event (Photo: VNA)
Vientiane (VNA) – Over 100 Vietnamese firms doing business in Laosjoined a conference in Vientiane on November 22 to collect raise their ideas to be submitted to the two Prime Ministers so as to ease difficulties they are facing.
Speaking at the event,Vietnamese Ambassador to Laos Nguyen Ba Hung said that with socio-politicalstability and great bilateral friendship, Laos is now Vietnam’s largest sourceof outbound investment, adding that as a member of the RegionalComprehensive Economic Partnership deal, Laos will realise policy and mechanismreform to create more favourable conditions for foreign firms, includingVietnamese.
As many as 14corporate representatives spoke highly of the Lao Government’s support forVietnamese enterprises in the host country.
They suggested thatthe Vietnamese Government offer all possible support in terms of capitaland resources to Vietnamese firms investing in Laos, such as mechanisms andpolicies related to land ownership right, export and import of goods andlabour.
Enterprises called on the two State banks and governments to considerencouraging the use of Lao and Vietnamese currencies to ease reliance on USdollar and pressure on the shortage of foreign currencies.
Barriers to doingbusiness in Laos should also be removed to carry the Lao economy forward,contributing to further tightening bilateral friendship, they said.
ꩲ According to the Association of Vietnamese Investors in Laos, Vietnam now ranksthird among the countries and territories investing in Laos withover 400 projects worth nearly 4.2 billion USD./.
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Vietnamese Ambassador to Laos Nguyen Ba Hung at the event (Photo: VNA) 
