(MPI) - Within the framework of the Vietnamese Prime Minister’s official visit to Laos, the Ministry of Planning and Investment of Vietnam coordinated with Lao side and relevant ministries to organise the two countries’ investment cooperation conference in Vientiane on January 12.
The conference aims to evaluate the results achieved on investment cooperation over the past time, especially the 2022 Vietnam-Laos Solidarity and Friendship Year and the implementation of the 2023 cooperation plan between the two countries.
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Minister of Planning and Investment, Chairman of the Vietnam-Laos Cooperation Committee Nguyen Chi Dung speaks at the conference. Photo: MPI |
Addressing at the conference, Nguyen Chi Dung, Vietnamese Minister of Planning and Investment, Chairman of the Vietnam-Laos Cooperation Committee said in order to make investment cooperation between the two countries have breakthrough, Vietnam will continue to coordinate with Lao sides to boost investment in the fields matching it priorities such as energy, mining, hi-tech agriculture, tourism, especially in the border area.
Vietnam stands ready to share experience with Laos in attracting and effectively managing foreign investment, and support Laos in perfecting laws and policies to attract resources for investment and development.
With the great friendship, special solidarity and comprehensive cooperation, and new cooperative orientation with drastic and breakthrough measures between Vietnam and Laos, Dung said, it promises to open up many new and effective investment cooperation opportunities for businesses of the two countries, bringing Vietnam-Laos cooperation relationship to a new height.
Khamjane Vongphosy, Lao Minister of Planning and Investment, Chairman of the Laos-Vietnam Cooperation Committee hailed many outstanding contributions of Vietnamese investors in Laos. However, he pointed out some shortcomings and limitations in investment cooperation between the two countries, including some projects with slow progress and low investment disbursement.
The Lao minister added, Vietnamese investors are facing some obstacles due to Lao legal policies are not in line new conditions; suggesting Vietnamese businesses make efforts to surmount difficulties and challenges to contribute to socio-economic development in each country.
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At the conference. Photo: MPI |
In his remarks, PM Chinh suggested the two Governments continue to exchange experiences and support each other in building and perfecting institutions and mechanisms to ensure consistency; maintain political stability, independence, sovereignty, and territorial integrity; create an open investment climate; provide investment incentives for priority field; strengthen economic linkage, connect transport and soft infrastructure.
They should also assist each other to build independent and self-reliant economies that actively, extensively, substantively, and effectively integrate into the world, thus contributing to the countries’ solidarity and friendship.
For his part, Lao Prime Minister Sonexay Siphandone affirmed to continue providing optimal conditions for major Vietnamese investors. He said, Laos is doing the three-open mechanism, including “open door, open baria, open heart to remove difficulties and create the most favorable conditions for foreign investors to invest effectively.
Representative at the conference evaluated achieved results and pointed out limitations in investment cooperation between Vietnam and Laos; introduced mechanisms and policies related to foreign investment attraction of Laos; provided new orientations and solutions in investment cooperation between the two countries; discussed measures to remove difficulties facing Vietnamese investors in Laos; promoted new investment opportunities and projects of Vietnam and Laos./.
Bao Linh
Ministry of Planning and Investment