Vientiane (VNA) - Laos continues to be the top destination for Vietnam's outbound investment, while Vietnam remains one of the largest foreign investors in the neighbour, heard a seminar in Vientiane on February 14.
Addressing the event, Vietnamese Ambassador to Laos Nguyen Minh Tam said the seminar serves as platform for Lao authorities to outline investment policies and regulatory frameworks for international businesses.
He reaffirmed Laos as a key investment destination for Vietnamese and global firms, highlighting opportunities in agriculture, tourism, logistics, and infrastructure.
The diplomat highlighted the growing trade between Vietnam and Laos, saying it has contributing to reinforcing the two countries' strong economic partnership.
Vice Chairman of the Ministry of Foreign Affairs’ State Committee for Overseas Vietnamese Nguyen Manh Dong expressed his confidence that Laos’ investment potential will bring success and significant benefits to Vietnamese businesses abroad, further strengthening the unique Vietnam-Laos relationship.
The seminar, which brought together representatives from businesses of Vietnam, Japan, the Republic of Korea, the US, Thailand, and Malaysia to explore investment opportunities in Laos, also provided a forum for participants to exchange insights, share success stories, and forge valuable connections, paving the way for future investment and economic cooperation./.
Vietnam, Laos strengthen energy cooperation
A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./
