The meeting was chaired by Mr. Saleumxay Kommasith, Deputy Prime Minister, Permanent Member of the Government, and Chairman of the Central Investment Promotion and Management Committee. Participants included committee members and representatives from relevant sectors.

During the meeting, Mrs. Phonvan Outhavong, Deputy Minister of Finance and Vice Chair of the Committee, presented a report on the implementation of investment promotion and management work at the central level over the past 10 months. The report highlighted key achievements, the overall status of organizational work, remaining challenges, and future plans and directions.

In addition, Mr. Vanthana Nolintha, Head of the Office of the Investment Promotion and Management Committee, presented findings from research related to improving the list of controlled and concession-based business activities, as well as strengthening coordination and management mechanisms between central and local authorities.

Speaking at the meeting, Saleumxay Kommasith praised the initial progress achieved and stressed several priority areas for further improvement.

These include streamlining investment approval procedures within the committee and across ministries and local administrations to ensure faster processing in line with the Investment Promotion Law and the one-stop service mechanism. He also emphasized the importance of modernizing investment management systems by integrating databases across sectors and local authorities.

The Deputy Prime Minister further called for stronger monitoring, management, and inspection of approved investment projects to improve effectiveness and accountability. He highlighted the important role of local authorities in promoting and supervising investment activities in their respective areas.

The efforts are aimed at creating more favorable conditions for both domestic and foreign private investment, supporting Laos’ socio-economic development goals and the national strategy of building an independent and self-reliant economy.

KPL