Vietnam Entrepreneurs’ Day observed in Laos

The Vietnam Business Association in Laos celebrated the 11 th Vietnam Entrepreneurs’ Day (October 13) with a ceremony in Vientiane on October 12.

Chairman of the association Nguyen Duc Moc said there are more than 700 Vietnamese companies in Laos with the majority of them operating in mining, hydropower production, industrial tree planting, livestock farming, financial – banking – insurance services, hospitality services, construction material production and telecommunications services.

Though the economic growth slowdown in the two countries directly affected business activities, Vietnamese enterprises in Laos surmounted difficulties to continue developing and contributing to Laos’ economic growth along with the special bilateral relations.

Moc thanked the nations’ leaders as well as the Vietnamese Embassy in Laos for their continual assistance to his association and pledged more efforts for the sake of Laos’s economy and the expansion of the Vietnamese community there.

At the function, Vietnamese Ambassador Nguyen Manh Hung appreciated the firms’ devotion to local social welfare and the expatriate community.

He hoped the association members would assist one another and abide by local laws, thus fuelling the sustainable development of the Vietnamese business community in Laos and the special ties between the two countries.-VNA