Vietnamese, Lao ministries of planning and investment hold talks
Vietnam and Laos need to promote the efficiency of the Intergovernmental Committee on Bilateral Cooperation while enhancing collaboration to facilitate Vietnamese enterprises’ operations in Laos.
Vietnamese, Lao ministries of planning and investment hold talks in Hanoi on June 17. (Photo: VNA)Hanoi (VNA) – Vietnam and Laos need to promote the efficiency of the Intergovernmental Committee on Bilateral Cooperation while enhancing collaboration to facilitate Vietnamese enterprises’ operations in Laos, which help boost investment and trade between the two countries.
Minister of Planning and Investment Nguyen Chi Dung made the statement during his talks with his Lao counterpart Suphan Keomisay in Hanoi on June 17.
Minister Dung stressed that Vietnam is giving top priority to stabilising the macroeconomy, curbing the inflation rate, improving the business climate and increasing the national competitive capacity in a bid to build the country as an industrialised nation.
Vietnam and Laos have enjoyed sound relations in the past years with the implementation of bilateral agreements, the minister noted, congratulating Laos on the country’s recent achievements.
He said that he was impressed by the neighbouring country’s seven ambitious strategic development priorities to 2030, believing that the Government and people of Laos will accomplish their set targets.
Vietnam’s Ministry of Planning and Investment will support Laos to realise its goals, Dung affirmed.
For his part, Lao Minister Suphan Keomixay said that the country has enjoyed stable politics and security as well as steady economic growth.
Laos attracted 3.5 billion USD in foreign investments during 2014-2015, he said, highlighting that with 4.9 million USD poured into Laos, Vietnam has become the third largest investor among 53 countries and territories landing investment in the country.
He underscored that Laos is striving to become an upper middle income nation by 2030.
He hoped that the two ministries will continue to review and effectively implement the signed projects during 2016-2020.-VNA
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
See more
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
