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Vietnam continues to invest in Laos

Vietnam will continue to pour investment into Laos, President of the Business and Investment Cooperation Association Hoang Cung Thien Nhan has said.
Vietnam will continue to pourinvestment into Laos, President of the Business and InvestmentCooperation Association Hoang Cung Thien Nhan has said.

Speaking at the sixth Lao Business Forum (LBF), which was held recentlyin Vientiane, Nhan also called on the Lao government to createfavourable conditions for the development of cross-border trade and thebuilding of border economic zones.

He also suggested the Lao government prioritise the construction ofroads linking the two countries as well as consider the upgrade ofborder gates. The government should also offer more land for thedevelopment of rubber tree plantations, he said.

The 6th LBF attracted nearly 200 delegates from the Lao government,State-owned and private enterprises and international donors.

The forum discussed the reform of administration, law and regulationsas well as measures to remove the obstacles to Laos ’s economic growth.

Regional director of the International Finance Corporation (IFC) inLaos, Cambodia, Thailand and Vietnam Simon Andrew said despitedifficulties caused by the global economic crisis, Laos’s privatesector is still an important driving force for the economy. He pledgedthat IFC will continue to provide financial support to Laos./.
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