Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>  Daily News  >>  Vietnam News   >>  Ties  >> Vietnam to boost investment in Laos
NEWS UPDATES 21 March 2010

Vietnam to boost investment in Laos

Related Stories

January 23, 2010
India keen to boost ties with Vietnam

January 13, 2010
New business deals to boost economic ties between Vietnam, Singapore

December 15, 2009
Vietnam’s PM receives Russian business groups

December 6, 2009
Cambodia, Vietnam to strengthen cooperation

Executives from more than 70 Vietnamese businesses operating in Laos and authorities of both countries met in Vientiane on March 20 to discuss solutions for stronger investment, reported Vietnam plus, an online news website.

Minister of Planning and Investment Vo Hong Phuc of Vietnam and his Lao counterpart, Sinlavong Khoutphay Theun, heard worries raised by investors, concerning lack of information and conflicted interests among shareholders.

Due to devoid of legal and market information, many investors failed to get updated with the change of policies as well as socio-economic developments in order adjust their investment strategies in time.

Shortages of capital and workforces also were major causes to delay their projects, investors complained.

Despite all these difficulties, Vietnamese investors expressed strong confidence in business opportunities in Laos.

Vietnam emerged as the top foreign investor in Laos in 2008-09, injecting some $2.1 billion in more than 200 projects over there.

Some major projects have contributed to the socio-economic development in Laos , especially in the areas where these projects are based. They included the hydro-electricity plant Secaman III and a rubber growing and processing project that has helped reclaim tens of thousands of hectares in southern and central Laos.

The two ministers encouraged Vietnamese businesses to boost investment in Laos after clearing their worries up with concrete answers.

 

Comment on this Article. Send them to  your.views@aseanaffairs.com
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below 

Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com