Vietnam and Laos have agreed to raise their import-export value to US$1 billion in 2010 and US$2 billion in 2015.
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Lao Deputy PM S. Lengsavad and State President Triet at the conference
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At a conference in HCM City on August 31, Lao Deputy Prime Minister Somsavath Lengsavad called on Vietnamese businesses to increase their investment in his country and at the same time work closely with their Lao counterparts to boost trade exchanges.
He proposed that the two governments continue to instruct their relevant agencies to examine and revise legal documents and policies to encourage their business communities to boost investment and trade.
He thanked the Vietnamese government and businesses for investing in Laos, making an important contribution to its socio-economic development.
Vietnamese State President Nguyen Minh Triet said that the cooperation with Laos is evidence of Vietnam’s responsibility, obligation and interests. He asked the two countries’ agencies to create the best possible conditions for Vietnamese businesses to invest in Laos and oversee the efficiency of their investment projects.
HCM City Mayor Le Hoang Quan affirmed that Laos is one of Vietnam’s traditional investment markets. To date, 179 Vietnamese-invested projects valued at US$1.9 billion have been licensed in Laos.
Vietnamese and Lao representatives highlighted the investment and business environment in Laos as well as Vietnam’s overseas investment policies.
The two countries’ businesses signed a number of economic contracts and memoranda of understanding at the conference./.