Laos, Vietnam boost investment ties
(VOV) - Laos and Vietnam have worked closely together to timely address business concerns and create conditions for Vietnamese companies to undertake projects in Laos.
The view was shared by Lao Deputy Prime Minister Somsavad Lengsavath and visiting Vietnamese Deputy Minister of Planning and Investment Nguyen Chi Dung at a meeting in Vientiane on May 26.
Bilateral relations have developed substantially, especially in politics, national defence, security, and economy, Dung said, noting trade and investment ties have grown and flourished in recent times.
He cited a number of Vietnamese-invested projects, including the US$522.4 million salt processing plant and the big Sekaman 1 hydropower plant as testimony to Vietnamese businesses’ investment commitment in Laos.
Dung took the occasion, thanking the Lao government for supporting a recently adopted ASEAN statement on East Sea tensions, after China illegally placed its oil rig Haiyang Shiyou-981 deep inside Vietnam’s exclusive economic zone and continental shelf.
He reiterated Vietnam’s consistent policy of resolutely defending its sovereignty through peaceful measures and in line with international law.
Deputy PM Lengsavath congratulated Dung on his election as vice chairman of the Vietnam-Laos sub-Committee for Cooperation, and said both sides should continue easing difficulties to boost investment ties.