Monday, 14/12/2020 17:10 (GMT+7)
More than 50 Vietnamese enterprises in eight northern provinces of Laos participated in a conference held by the Vietnamese Consulate General in Luang Prabang province on December 13.
At the conference (Photo: VNA)
The northern Lao accounts for nearly half of the country’s area and two-fifths of the total population, including mountainous terrain, limited transport and communication infrastructure, scattered population, and weak purchasing power.
They said that there are also some obstacles relating to legal regulations and authorities’ bureaucracy, admitting their own weaknesses relevant to capital, technology, management capacity, quality of human resources, and businesses’ connectivity.
According to Vietnamese Consul General in Luang Prabang Nguyen Dang Hung, the conference was held to receive Vietnamese businesses’ opinions so that the Consulate General can help them tackle hindrances and boost connectivity among enterprises, creating a prerequisite for the formation of a Vietnamese business association in northern Laos.
Participants in the event agreed to make preparations for the establishment of the Vietnam Business Association for Cooperation and Investment in Northern Laos.
According to Vietnam News Agency, Vietnam now ranks third among the countries and territories investing in Laos with over 400 projects worth some 4.2 billion USD, according to the Association of Vietnamese Investors in Laos./.
BTA