Vietnam will continue to pour investment into Laos, President of the Business and Investment Cooperation Association Hoang Cung Thien Nhan has said.
Speaking at the sixth Lao Business Forum (LBF), which was held recently in Vientiane, Nhan also called on the Lao government to create favourable conditions for the development of cross-border trade and the building of border economic zones.
He also suggested the Lao government prioritise the construction of roads linking the two countries as well as consider the upgrade of border gates. The government should also offer more land for the development of rubber tree plantations, he said.
The 6th LBF attracted nearly 200 delegates from the Lao government, State-owned and private enterprises and international donors.
The forum discussed the reform of administration, law and regulations as well as measures to remove the obstacles to Laos ’s economic growth.
Regional director of the International Finance Corporation (IFC) in Laos, Cambodia, Thailand and Vietnam Simon Andrew said despite difficulties caused by the global economic crisis, Laos’s private sector is still an important driving force for the economy. He pledged that IFC will continue to provide financial support to Laos./.