The Association of Vietnam Investors in Laos (AVIL) held a ceremony in Vientiane on October 10 to mark the 10 th anniversary of the Vietnam Entrepreneurs’ Day (October 13).

Addressing the event, AVIL Chairman Nguyen Duc Moc said that this year’s anniversary takes place in the context of the comprehensive and intensive development of the special relationship between Vietnam and Laos .

Despite numerous difficulties, Vietnamese businesses have pumped over 5 billion USD into 410 projects in Laos , making them one of the leading investors in the country, he said, adding that many of the projects have become operational, creating stable jobs for 300,000 local residents.

Vietnam ’s direct investment in Laos is forecast to reach over 5.8 billion USD this year, with two-way trade mushrooming to 1.5-1.7 billion USD.

Moc also thanked the Parties and Governments of both countries for creating favourable conditions for Vietnamese investors to operate in Laos .

Also at the ceremony, the AVIL launched a social welfare programme to provide assistance to needy people in Laos.-VNA