Deputy Prime Minister Nguyen Xuan Phuc and his Lao counterpart Somsavath
Lengsavad co-chaired the Vietnam-Laos Economic and Investment
Cooperation Conference in central Da Nang city on July 7.
Lao Deputy PM Somsavath Lengsavad highlighted cooperation between the
two Ministries of Planning and Investment, which, he said, creates
favourable conditions for their leaders and cadres learn from each
He proposed the two ministries further lift up bilateral comprehensive cooperation for sustainable development.
Addressing the conference, Deputy PM Phuc affirmed the fine
development of the Vietnam-Laos cooperative relations, particularly in
economics, trade, investment and tourism.
have signed a number of cooperation documents and established necessary
coordination mechanisms in line with the demand for the development of
the two countries’ special friendship, he said.
PM Phuc proposed the two ministries act as advisor to their governments
in assisting Vietnamese and Lao enterprises in business and investment
development, maintain dialogue mechanism to remove difficulties, promote
business and investment activities, and speed up the completion of
trade and investment management policies and mechanisms in the two
countries’ priority fields.
He suggested the Lao
Government facilitate Vietnamese enterprises’ investment and business
activities in Laos and affirmed Vietnam ’s consistent policy of
developing the traditional friendship, special solidarity, comprehensive
cooperation and stability with Laos and joining Laos to elevate
the two countries’ ties to a new height for the interests and prosperity
of the two peoples.
Statistics released by the
Vietnamese Ministry of Planning and Investment showed that by the end of
June, Vietnam had operated 214 investment projects in Laos worth more
than 3.45 billion USD in total. Laos ranks first among 60 countries
and territories with investment by Vietnamese enterprises and Vietnam
ranks third among 52 countries and territories with direct investment in