Deputy PM pushes for Laos-VN investment

FRIDAY, NOVEMBER 18, 2016
Deputy PM pushes for Laos-VN investment

LAOS AND VIETNAM should consider speeding up joint investment projects like the Hanoi-Vientiane expressway and the Hon La-Khammouan oil pipeline, Lao Deputy Prime Minister Sonsay Siphandone said yesterday.

Siphandone made this proposal during his meeting with Prime Minister Nguyen Xuan Phuc in Ha Noi, as part of his ongoing working visit to Vietnam.
The Lao leader also suggested the two countries increase co-operation between localities and step up efforts to make it easier for enterprises to do business in either market.
PM Phuc affirmed that Vietnam will do its utmost to enhance time-tested friendship and co-operation with Laos, especially in supporting local businesses boost their investment in the neighbouring nation.
He asked Laos to suggest specific measures on building the oil pipeline from Hon La Port in the central province of Quang Binh to the central Lao province of Khammouan.
Laos should also propose ways to use Vung Ang Port in the central province of Ha Tinh as a transit place for Lao cargo, he said.
The PM said both countries should share their experiences in managing socio-economic development. He said great potential existed for further bilateral co-operation in the agriculture, fisheries and forestry sectors.