|
Planning and investment officials discuss long-term goals
More than 360 projects - worth about US$1.79 billion - have been approved for investment from October 2010 to September this year.
Director General of the Investment Promotion Department, Ministry of Planning and Investment, Mr Houmpheng Soulalay, revealed the figures at a planning and investment meeting that started yesterday in Vientiane.
More than 200 officials from across the nation are gathering this week to discuss planning and investment implementation work to ensure the achievement of the five-year working plan.
The meeting started at the Lao-ITEEC and is being chaired by Deputy Minister of Planning and Investment Mr Thongmy Phomvixay and attended by Planning and Investment Department representatives from all provinces and Vientiane.
The objective of the meeting is to promote the implementation of the social-economic plan of 2011 to 2022 and the seventh five-year plan for 2011 to 2015.
Mr Thongmy said that domestic and foreign investment is important to ensure that the government achieves the 7th five-year social-economic plan.
“It covers about 60 percent of all investment, which is about US$8 billion for the next five years or about US$1.7 billion per year,” he said.
“To reach our goals, we need to have a better implementation process, so we are here to discuss challenges and contribute to solving the problems and making the implementation smooth.”
Mr Thongmy said there are still many problems facing the implementation of planning and investment work that need to be addressed.
Problems, such as the roles and responsibilities of the provinces, are still not resolved in some areas, such as the adoption of the single window registration and the management of investment projects, with some provinces still unable to record project details in their areas.
During the meeting, officials from related offices and provinces reported on progress in their respective areas.
Mr Houmpheng reported that the law and regulations related to investment have been improved.
“Since 1994, the investment law has been amended four times and many regulations have been enacted to facilitate and encourage investment, which is increasing yearly.”
The meeting will continue until the September 17 after which involved officials will participate in a national finance meeting.
vientiane times
|
