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(KPL/VNA) – Over the past years, Laos has always attracted the most foreign direct investment (FDI) from Vietnamese enterprises and these projects have made important contribution to enhancing the two countries’ special relations, according to Lao officials.
(KPL/VNA) –
Over the past years, Laos has always attracted the most foreign direct
investment (FDI) from Vietnamese enterprises and these projects have made
important contribution to enhancing the two countries’ special relations,
according to Lao officials.
Lao Minister
of Planning and Investment Khamjane Vongphosy, who is also Chairman of the Laos
- Vietnam Cooperation Committee, said that in addition to geographical
advantages, the main reason is because Laos and Vietnam have time-tested great
friendship, special solidarity, and comprehensive cooperation.
Vietnamese
businesses’ investment in not only urban delta areas but also remote areas with
many difficulties in Laos is not only for pure profit purposes but also for
good political relations between the two countries, he added.
Somboun
Heuangvongxa, Vice Governor of Champasak province, said Vietnamese investors
not only do well in business and tax obligations but also show that they are
very responsible investors.
Besides well
protecting the environment in accordance with the signed contracts, they are
the best performers in social welfare work, recognised not only by all-level
inspection agencies, but also senior leaders of Laos, he said.
Star Telecom
(Unitel) - a subsidiary of the joint venture between Lao-Asia Telecom Company
and Vietnam's Viettel Group – is a notable example, as 14 years after its
operation launched, the company is the biggest telecom service provider and one
of the largest budget contributors in Laos, and creating jobs for over 27,000
employees.
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