At the "Vietnam - Laos Government Leaders with Businesses" forum on 9/7, deputy prime minister Nguyen Chi Dung praised Laos's reform efforts and development potential. The Lao People's Revolutionary Party Central Committee recently established an Investment Promotion Committee to directly support and address obstacles for businesses.
"This move demonstrates Laos's focused, practical, and effective reforms," the deputy prime minister said. He mentioned several sectors where Vietnamese businesses should increase their research and investment, including renewable energy, mining, high-tech agriculture, tourism, and the rubber industry.
He requested the Lao government to continue creating the most favorable conditions for Vietnamese businesses to operate and contribute to Laos's economic development. He also urged Vietnamese businesses to "fulfill their commitments, invest seriously, comply with local laws, and cultivate the special relationship between the two countries."
"Vietnamese corporations and businesses should carefully study the Laotian market and legal policies, propose investment ideas, and transform them into concrete projects, contributing to realizing the potential for economic cooperation," he said.
 |
Deputy prime minister Nguyen Chi Dung speaks at the forum on 9/7. Photo: VGP |
Deputy prime minister Nguyen Chi Dung speaks at the forum on 9/7. Photo: VGP
At the forum, representatives of Vietnamese businesses proposed several investment cooperation projects in Laos. Specifically, Tran Cong Kha, chairman of Vietnam Rubber Group, proposed expanding rubber plantation projects and applying high technology in Laos.
Dao Ngoc Cuong, deputy general director of Vietnam Chemicals Group, expressed his hope that the Lao government would support mechanisms to shorten the approval time for feasibility studies and environmental impact assessments for project implementation. He also requested the host country to facilitate the recruitment of general laborers and expedite site clearance and compensation processes.
Laos is actively streamlining its administrative system, cutting down procedures, and reforming its investment promotion mechanisms. According to Lao deputy prime minister Saleumxay Kommasith, the Lao government recognizes the determination and dedication of Vietnamese businesses investing in Laos. He said that businesses can directly communicate and coordinate with the Investment Promotion Committee and relevant ministries to resolve any obstacles.
"Hopefully, the two sides will cooperate more closely and effectively, implementing key strategic projects," deputy prime minister Saleumxay Kommasith said, affirming that Laos encourages investors from both countries to exchange regularly and collaborate more.
He also affirmed that the Lao government always welcomes Vietnamese businesses. They hope that Vietnamese investors will increase both the quantity and quality of their investments. This aims to elevate Vietnam to the top position in terms of investment in Laos in the future.
Phuong Dung
