Vietnam steps up investments in Laos

Online Trade and Investment Portal and Consulate General of Lao will hold a workshop in Champasak Province in Laos to introduce a Trade, Tourism and Investment Program from July 22-26, to tap the rich potential market in Laos.

The leaders sign cooperation plans (photo:SGGP)

According to ITPC, Laos is a potential market with rich mineral resources, besides having a common border with Vietnam along ten provinces stretching across 2,067 kilometers.

In the past few years, Vietnam has been investing in Laos and has become the second largest investor in Lao after China.

However, in the commercial sector, Vietnamese goods have not expanded as expected with limited representative agencies in Laos.

To overcome this disadvantage, ITPC will constantly hold investment promotion programs so that Vietnamese goods can access the Laos market and increase exports.

By Thuy Hai – Translated by Huyen Huong

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