Vietnamese businesses have been always good and effective investors in Laos that have generated stable jobs and offered vocational training for the host country’s people, according to Somboun Heuangvongxa, Vice Governor of Champasak province.
Visiting Prime Minister Pham Minh Chinh and his Lao counterpart Sonexay Siphandone co-chaired the two countries’ investment cooperation conference in Vientiane on January 12.
Lao Deputy Prime Minister Sonexay Siphandone on December 13 said that the Lao Government will further support Vietnamese investors and expects more investing in Laos to increase the effectiveness of the two country’s economic cooperation.
A forum to discuss ways to remove difficulties facing Vietnamese investors in Laos was jointly held in Vientiane on December 9 by the Lao Ministry of Planning and Investment (MoIT) and the Vietnamese Embassy in Laos.
Vietnam’s outbound investment, including both newly-registered and adjusted capital, exceeded 450 million USD in the first 10 months of this year, equivalent to nearly 70% of the figure recorded in the same period last year.
Trade between Vietnam and Laos rose 24.2% in the first seven months of this year to nearly 949 million USD, with Vietnam's export value of nearly 586 million USD, reported the Vietnam Trade Office in Laos.
The Lao market remains a destination of many Vietnamese investors as the two countries are neighbours and Laos recognises most of quality certifications from foreign exporting countries, according to Le Thi Phuong Hoa, Vietnamese Trade Counsellor in Laos.
Many Vietnamese investors are interested in the Cuban market and hope to make contributions to the Caribbean country, stated Vietnamese Ambassador to Cuba Le Thanh Tung during a meeting with leaders of Cuban western province of Artemisa on July 7.
Minister of Planning and Investment Nguyen Chi Dung, head of the Vietnam - Laos Cooperation Committee, called for the countries’ stronger connections in key areas during talks with his counterpart Khamjane Vongphosy, who is also head of the Laos - Vietnam Cooperation Committee, in Vientiane on March 21.
Former French Ambassador to Vietnam Jean-Noël Poirier has highlighted the significance of Vietnamese Prime Minister Pham Minh Chinh’s freshly-ended visit to France, saying that it attracted French businesses’ special interest.
Vietnam’s overseas investment surged 74.1 percent year on year to 575 million USD in the first eight months of 2021, according to the Ministry of Planning and Investment.
Although local iron and steel prices have dropped, they are still at high rates, up 1.7 times compared to the end of 2020, causing investors and construction contractors to suffer.
Vietnam and Laos have enjoyed growing partnership in all fields, especially economy with two-way trade surging 39.3 percent year on year in the first five months of 2021 to 570.7 million USD.
More than 50 Vietnamese enterprises operating in eight northern provinces of Laos gathered at a conference held by the Vietnamese Consulate General in Luang Prabang province on December 13.
Vietnamese investors poured a total of 490.4 million USD in projects abroad in the first 11 months of 2020, up 6.9 percent year-on-year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
Cuban President Miguel Diaz-Canel has promised to provide all possible favourable conditions for Vietnamese investors while touring a ceremic floor tile plant in Cuba.
Vietnamese businesses invested 458.8 million USD in 31 foreign markets in the first 11 months of 2019, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
The signing of the free trade agreement and the investment protection agreement between Vietnam and the European Union (EU) last June has marked a new development step in their partnership and comprehensive cooperation, said Vietnamese Deputy Minister of Planning and Investment Vu Dai Thang on November 8.
World
