While receiving Vietnamese Minister of Planning and Investment Vo Hong Phuc in Vientiane on August 11, Mr Bouphavanh welcomed Vietnam’s approval for the establishment of the Vietnam-Laos-Cambodia Investment Encouragement Association. He said he hopes that the association will provide consultancy to the ministries of planning and investment of the three countries to boost Vietnam’s investment in Laos and Cambodia.

Mr Phuc briefed his host on his tentative working agenda with the Lao Ministry of Planning and Investment, showing the two countries’ determination to implement joint investment projects in the near future.

He said that Vietnamese businesses want to invest in power, mining and industrial tree plantation projects in Laos, especially economic projects in the border areas and some hydro-electric power plants in northern Laos. He said the two ministries will submit cooperation agreements to the two governments for consideration.