At the event (Photo: VNA) Vientiane (VNA) – The VietnamBusiness Association for Cooperation and Investment in Laos (BACI) held an ceremony to mark the 17th anniversary of the Vietnam Entrepreneurs’ Day in both face-to-face and online forms in Vientiane on October 13.
Addressing the event, interim chairman of BACI Duong Dinh Bang said implementingthe policy of promoting economic cooperation with Laos, on the basis of thegreat friendship, special solidarity and comprehensive cooperation between thetwo countries, many Vietnamese enterprises have poured investment into and done business in the country.
With more than 400 investment projects worth over 5 billion USD, Vietnam iscurrently the third largest foreign investor in Laos, after Thailand and China, hesaid.
In recent years, the Vietnamese business community in Laos has not onlycontributed to the Lao budget but also donated tens of millions of USD tosocial security activities, developing infrastructure facilities and creatingjobs for thousands of Lao labourers.
It has also helped change Lao labourers’ awareness of shifting from small-scaleproduction to commodity-based production, contributing to creating a new andfundamental orientation to promote sustainable production development in the country.
Vietnamese Ambassador to Laos Nguyen Ba Hung praised efforts of the Vietnamese businesscommunity in Laos to overcome difficulties caused by the COVID-19 pandemic, andexpressing his delight at the increasing number of new projects invested byVietnamese firms in Laos despite the health crisis.
He urged Vietnamese enterprises operating in Laos to update and further promote application of new technologies and digital transformation in order to maximisethe efficiency of their production and business activities and effectivelyadapt to the pandemic.
The diplomat called on Vietnamese businesses to strengthen coordination andsupport each other, contributing to further tightening the Vietnam – Laos great relationship.
He took the occasion to applaud activecontributions of Vietnamese enterprises in Laos to both countries' fight against COVID-19./.
VNA
