Vietnam targets investment projects in Laos

By Tuan Minh

Mar 05, 2014 / 03:01 PM

The Vietnam Business Association in Laos should promote exchange, support domestic businesses to approach the Lao market towards two-way trade of US$2 billion by 2015.

Vietnamese business representatives stated this at a March 3 meeting hosted by the Vietnamese Embassy in Vientiane.

Vietnamese ambassador to Laos Nguyen Manh Hung acknowledged the efforts of Vietnamese companies in overcoming difficulties and promoting the efficiency of investment activities in Laos.

He said he hopes that Vietnamese businesses should be active in implementing investment projects in Laos, reinforce solidarity, share experiences and obey laws of the resident country.

Vietnam has 412 investment projects in Laos with total registered capital of US$5.012 billion, ranking third among nations and territories investing in Laos.

Its projects focus on mineral ores, hydroelectricity, agriculture, services, construction, banking and insurance.

Last year alone, Vietnam poured US$138 million into 12 projects in Laos.

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