A conference to promote investment,trade and tourism in the Vietnamese-Laotian-Cambodian developmenttriangle took place in the Central Highlands province of Dak Lak onNov. 11.
The annual conference, the fourth of itskind, serves a forum for areas within the development triangle tointroduce their potential and investment incentives to entrepreneursfrom all three countries.
This year’s conference was co-chaired by Vietnam’s Deputy Minister ofPlanning and Investment Nguyen Van Trung, his Laotian counterpartThoongmy Phomvisay and the Secretary of State of Cambodia’s Ministry ofCommerce, Mao Thora.
Representatives from embassies and international organisations based inVietnam , various Vietnamese, Laotian and Cambodian ministries andclose to 300 businesspeople attended the event.
A selection of reports presented at the conference showed that thethree neighbouring nations still have a huge potential for furthercooperation as Vietnam boasts many ports and deep water harbours, alarge consumer market of 86 million people, modern technologies and anabundant skilled workforce.
Meanwhile, Cambodia and Laos possess many advantages in terms ofagricultural and forestry products, hydroelectric power, naturalresources, agricultural land for planting industrial crops, andtourism.
To step up cooperation and investment in the region, the participantssuggested building a comprehensive and long-term programme ofcooperation, jointly coordinated by all three countries.
They emphasised on the need to develop human resources, build andupgrade the infrastructure in all three countries, especially intransport networks, water supply systems and power plants and promoteinvestment programmes for the whole region.
Despite the impacts of the global financial crisis, the region’sprovinces and cities have spared no effort in improving theirinvestment environments and policies to facilitate the businesscommunity.
So far, in Vietnam, Laos has invested 48 million USD in eight projectsand Cambodia has carried out seven projects, with a combined registeredcapital of 6.2 million USD.
In return, Vietnam has injected more than 3 billion USD into 166projects in Laos, and an additional 400 million USD into 52 projects inCambodia. Twenty-eight of the Vietnamese-invested projects have takenplace in the development triangle.
In the first ten months of 2009, the conference heard that Vietnam hadinvested in 20 projects totalling 1.3 billion USD in Laos and 10projects worth 218 million USD in Cambodia./.
The annual conference, the fourth of itskind, serves a forum for areas within the development triangle tointroduce their potential and investment incentives to entrepreneursfrom all three countries.
This year’s conference was co-chaired by Vietnam’s Deputy Minister ofPlanning and Investment Nguyen Van Trung, his Laotian counterpartThoongmy Phomvisay and the Secretary of State of Cambodia’s Ministry ofCommerce, Mao Thora.
Representatives from embassies and international organisations based inVietnam , various Vietnamese, Laotian and Cambodian ministries andclose to 300 businesspeople attended the event.
A selection of reports presented at the conference showed that thethree neighbouring nations still have a huge potential for furthercooperation as Vietnam boasts many ports and deep water harbours, alarge consumer market of 86 million people, modern technologies and anabundant skilled workforce.
Meanwhile, Cambodia and Laos possess many advantages in terms ofagricultural and forestry products, hydroelectric power, naturalresources, agricultural land for planting industrial crops, andtourism.
To step up cooperation and investment in the region, the participantssuggested building a comprehensive and long-term programme ofcooperation, jointly coordinated by all three countries.
They emphasised on the need to develop human resources, build andupgrade the infrastructure in all three countries, especially intransport networks, water supply systems and power plants and promoteinvestment programmes for the whole region.
Despite the impacts of the global financial crisis, the region’sprovinces and cities have spared no effort in improving theirinvestment environments and policies to facilitate the businesscommunity.
So far, in Vietnam, Laos has invested 48 million USD in eight projectsand Cambodia has carried out seven projects, with a combined registeredcapital of 6.2 million USD.
In return, Vietnam has injected more than 3 billion USD into 166projects in Laos, and an additional 400 million USD into 52 projects inCambodia. Twenty-eight of the Vietnamese-invested projects have takenplace in the development triangle.
In the first ten months of 2009, the conference heard that Vietnam hadinvested in 20 projects totalling 1.3 billion USD in Laos and 10projects worth 218 million USD in Cambodia./.
