Lao central provinces promote trade, tourism in HCM City

Scene at the conference calling for investment in the three central Lao provinces of Savannakhet, Bolykhamsay and Khammouane took place in Ho Chi Minh City on July 19 (Photo: VNA)

HCM
City (VNA)
– A conference calling for investment in the three central
Lao provinces of Savannakhet, Bolykhamsay and Khammouane took place in Ho Chi
Minh City on July 19.

[HCM City, central Lao provinces boost cooperation]

Addressing
the function, Vice Chairman of the municipal People’s Committee Le Thanh Liem stated
Ho Chi Minh City considers Laos a strategic market with great potentials for
investment, trade and tourism activities.

He
urged local companies to study the Lao market and assist the country’s
socio-economic growth. 

Liem
asked authorities in the three provinces to facilitate the operation of foreign
investors, including those from his city.

Holding
strategic locations in Laos’ East-West economic corridor, Savannakhet,
Bolykhamsay and Khammouane are offering preferential policies for foreign
investors in advanced technology, processing of agricultural produce,
eco-tourism, education, and health.

Savannakhet
governor Santiphap Phomvihane noted Vietnam is the third biggest foreign
investor in his province, with 24 projects worth 170 million USD.

The
number of Vietnamese investors is on the rise, as is the scope of their investment
sectors, he added.

Khammouane
deputy governor Bunmy Phimmason said his province has potentials to develop the
power and mining sectors, in addition to a convenient transport infrastructure.

Khammouane
is committed to providing the most possible conditions for investors in terms
of land sources and taxation, he stressed.

Leaders
of the three province said they want enterprises from Ho Chi Minh City to
organise regular trade promotion activities in their localities, contributing
to sound collaboration between the two countries.

The
conference was held by Ho Chi Minh City Investment and Trade Promotion Centre
(ITPC).

More than 30 firms in Ho Chi Minh City have so far channeled over 250 million
USD into projects in Laos.-VNA 



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