Business association to work for more Vietnamese investment in Laos

The Vietnamese Business Association in Northern Laos held the first congress in Luang Prabang city on January 10.
Business association to work for more Vietnamese investment in Laos ảnh 1The Executive Committee of the Vietnamese Business Association in Northern Laos pose for a photo at the congress (Source: VNA)
Hanoi (VNA) – The VietnameseBusiness Association in Northern Laos held the first congress in Luang Prabangcity on January 10.

The newly-elected chairman of the association, PhiVan Mai, pledged that the organisation will actively create favourableconditions for its members to explore the market and minimise risks, connectsmall- and medium-sized firms in northern Lao provinces with those in theVietnamese twin localities, and enhance relations among businessesand the two sides’ provinces so as to promote trade and tourism links.

The association will continue callingon major enterprises of Vietnam to make investment and do business in Laos insuch fields as transport and energy infrastructure, agriculture, forestry,manufacturing, services, and especially new and potential sectors such as IT,educational, and healthcare infrastructure.

He added it will also assist andprovide legal advice for the Vietnamese companies already operating or planningto operate in Laos, as well as to the Lao companies wishing to invest inVietnam, thereby helping to strengthen the great friendship between the twocountries.

Consul General of Vietnam in LuangPrabang Nguyen Dang Hung expressed his hope that in the time ahead, the associationwill serve as a bridge linking the two countries’ businesses, upholdsolidarity, and step up innovation and reform, thus contributing to the greatfriendship, special solidarity, and all-round cooperation between Vietnam andLaos.

Established on December 13, 2020, the VietnameseBusiness Association in Northern Laos consists of more than 60 members whichare operating in eight northern Lao provinces. It is also a member of the VietnamBusiness Association for Cooperation and Investment in Laos./.
VNA

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