Laos Prioritizes Licensing for Vietnamese Projects
The Lao Government will continue to prioritize licensing Vietnamese projects, particularly in the fields of power, mining and rubber plantation, said Lao Deputy Minister of Planning and Investment, Thongmy Phomvisay.
Vietnamese investors have to date poured US$757.6 million in 142 projects in Laos, Phomvisay said at a conference in Vientiane on July 29.
At the conference, the third for Vietnamese investors in Laos, Vietnamese companies and Lao authorized agencies discussed issues for projects’ implementation and bilateral trade.
They also agreed to propose the two governments to adopt more policies to boost investment cooperation in the near future.
Two-way trade value between Vietnam and Laos reached US$312 million in 2007, up 20 per cent on year.
In the first five months of this year, the figure hit US$192 million and was estimated at US$240 million in the first half, up 58 per cent against the same period of 2007. (VNA)
Vietnamese
