Vietnamese investors keen on Lao market

Lao Prime Minister Thongsing Thammavong on December 15 received a delegation of the Vietnamese Investors Association in Laos led by its head Tran Bac Ha.

PM Thongsing Thammavong welcomed Vietnamese investors’ determination to expand operations and pledged to create favourable conditions for them to work in the country.

Tran Bac Ha, who is also Chairman of the Bank for Investment and Development of Vietnam (BIDV), said the association is drawing up investment plans based on the two countries’ demands and working with their relevant agencies to assess the implementation of Vietnamese-funded projects in Laos.

The association will also act as a bridge to connect the two governments and business circles, establish dialogue mechanisms and propose policies for investment development and solutions during the investment process, he said.

Ha added that the Vietnamese Investors Association in Laos will take part in multifaceted cooperative programs between the two Parties and States to boost the comprehensive Vietnam-Laos cooperation and welcome the Vietnam-Laos Friendship Year in 2012.

The same day, the delegation was received by Lao Deputy PM Somsavath Lengsavath.

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