Vietnam will continue to pour
investment into Laos, President of the Business and Investment
Cooperation Association Hoang Cung Thien Nhan has said.
Speaking at the sixth Lao Business Forum (LBF), which was held recently
in Vientiane, Nhan also called on the Lao government to create
favourable conditions for the development of cross-border trade and the
building of border economic zones.
He also suggested the Lao government prioritise the construction of
roads linking the two countries as well as consider the upgrade of
border gates. The government should also offer more land for the
development of rubber tree plantations, he said.
The 6th LBF attracted nearly 200 delegates from the Lao government,
State-owned and private enterprises and international donors.
The forum discussed the reform of administration, law and regulations
as well as measures to remove the obstacles to Laos ’s economic growth.
Regional director of the International Finance Corporation (IFC) in
Laos, Cambodia, Thailand and Vietnam Simon Andrew said despite
difficulties caused by the global economic crisis, Laos’s private
sector is still an important driving force for the economy. He pledged
that IFC will continue to provide financial support to Laos./.