Business

Investment projects help tighten Vietnam-Laos relations

Over the past years, Laos has always attracted the most foreign direct investment (FDI) from Vietnamese enterprises and these projects have made important contribution to enhancing the two countries’ special relations, according to Lao officials.
Investment projects help tighten Vietnam-Laos relations ảnh 1Workers at Viet Lao rubber company (Photo: VNA)
Vientiane (VNA) – Over the past years, Laos has always attractedthe most foreign direct investment (FDI) from Vietnamese enterprises and theseprojects have made important contribution to enhancing the two countries’ specialrelations, according to Lao officials.

Lao Minister of Planning and Investment Khamjane Vongphosy, whois also Chairman of the Laos - Vietnam Cooperation Committee, said that inaddition to geographical advantages, the main reason is because Laos andVietnam have time-tested great friendship, special solidarity, and comprehensivecooperation.

Vietnamese businesses’ investment in not only urban deltaareas but also remote areas with many difficulties in Laos is not only forpure profit purposes but also for good political relations between the twocountries, he added.

Somboun Heuangvongxa, Vice Governor of Champasak province,said Vietnamese investors not only do well in business and tax obligations butalso show that they are very responsible investors.

Besides well protecting the environment in accordance withthe signed contracts, they are the best performers in social welfare work,recognised not only by all-level inspection agencies, but also senior leadersof Laos, he said.

Star Telecom (Unitel) - a subsidiary of the joint venturebetween Lao-Asia Telecom Company and Vietnam's Viettel Group – is a notableexample, as 14 years after its operation launched, the company is the biggesttelecom service provider and one of the largest budget contributors in Laos,and creating jobs for over 27,000 employees./.
VNA
#Vietnamese enterprises #foreign direct investment #Investment projects #Vietnam #Laos #Vietnamplus #Vietnam News Agency Laos Vietnam
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