Politics

HCM City leader highlights support for Lao investors

Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen has highlighted a need to provide all possible support for Vietnamese and Lao investors and people and facilitate their exchanges, connectivity and business activities in localities.
HCM City leader highlights support for Lao investors ảnh 1Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen (R) and Lao Deputy Prime Minister Sonexay Siphandone (Photo: VNA)

HCM City (VNA) – Secretary of the Ho Chi Minh CityParty Committee Nguyen Van Nen has highlighted a need to provide all possiblesupport for Vietnamese and Lao investors and people and facilitate their exchanges, connectivity and business activities in localities.

During a reception in the city for Lao Deputy Prime Minister SonexaySiphandone on December 13, Nen spoke highly of cooperation programmes betweenHo Chi Minh City and Lao localities, especially those reached at theVietnam-Laos trade and investment promotion forum co-hosted by the municipalPeople’s Committee and Lao Consulate General in Ho Chi Minh City in the morningthe same day.

He stressed that the signing of cooperation MoUs and economic contracts at the forum is the first step towards new and morespecific cooperation plans expected by the two Prime Ministers.

Siphandone, for his part, believed that ties between the twonations will grow closer during 2022 Vietnam-Laos Solidarity and Friendship Yearand subsequent years.

He hailed the signing of 17 MoUs and oneeconomic contract on agriculture, hydropower development and tourism at theforum, which he said shows that there remains huge room for bilateral trade and investmentcooperation.

The guest pledged that the Lao Government and authorities willcreate favourable conditions for Vietnamese investors and businesses to operateeffectively. He wished to welcome more Vietnamese firms to Laos.

Vietnam is now the third largest investor out of 53 countriesand territories investing in Laos. Vietnamese investment has reached all regions of Laos and many fields such as finance-banking, telecommunications,services, agro-forestry.

Laos is currently thelargest recipient of Vietnam’s outbound investment capital with 238 projectsvalued at 5.34 billion USD. Of which, 44 projects worth nearly 496 million USDare from Ho Chi Minh City./. 

VNA
#Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen #Vietnamplus #Vietnam News Agency #Lao Deputy Prime Minister Sonexay Siphandone Ho Chi Minh City Laos
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