(KPL) A delegation from the Ministry of Finance of the Lao PDR, led by Mr. Santiphab Phomvihane, Minister of Finance, held discussions with Invest Hong Kong (InvestHK) of the Hong Kong Special Administrative Region of the People’s Republic of China to exchange experiences in promoting domestic and foreign investment.

During the meeting, both sides discussed policies related to tax and duty implementation, as well as fee obligations for both small and large investor companies. The discussions also covered opportunities to strengthen cooperation in financial investment.

The two sides exchanged views on the implementation of green finance policies, carbon credit mechanisms, and the promotion of green bonds. They also explored policies related to the development of the gold market, including international gold trading, settlement procedures, and secure gold storage systems.

InvestHK was highlighted as a key agency of the Hong Kong SAR Government responsible for promoting investment and facilitating both domestic and international investors, while also implementing policies that generate revenue and economic benefits.

The discussions also noted Hong Kong’s role as an international financial and investment hub and a gateway to global markets, attracting major companies from around the world, particularly in the financial and international gold trading sectors.

The exchange is expected to help expand cooperation between the Lao PDR and Hong Kong in areas such as financial investment, the gold industry, green finance, green bonds and carbon credit development in the future.

On the same occasion, Minister Santiphab Phomvihane also held meetings with several leading financial institutions in Hong Kong.

KPL