Vietnam to intensify investment in Laos

PM Thongsing Thammavong said the delegation’s visit expressed the determination of Vietnamese investors in Laos in investment cooperation with the neighboring country.

Tran Bac Ha, who is also Chairman of the Bank for Investment and Development of Vietnam, said the association is creating investment plans based on the two countries’ demands and working with relevant agencies of the two nations to assess the implementation of Vietnamese-funded projects in Laos .

The association will also act as a bridge to connect the two countries’ governments and enterprises, establish dialogue mechanisms and propose policies for investment development and solutions during the investment process.

Ha added that the Vietnamese Investors Association in Laos will take part in multifaceted cooperative programs between the two Parties and states to boost the comprehensive Vietnam-Laos cooperation and welcome the Vietnam-Laos friendship year in 2012.

PM Thongsing Thammavong spoke highly of the association’s future plans and pledged to create favorable conditions for Vietnamese investors to work in Laos.

The same day, the delegation was received by Lao Deputy PM Somsavath Lengsavath.