At the signing ceremony in Vientiane on May 14, BACI Chairman Nguyen The Hien said Vietnamese businesses are investing over USD 4.1 billion in more than 400 projects in Laos. Enterprises of both sides are working together to bring cooperation in various fields like mining, agriculture and services on par with the countries' potential and advantages. He underlined that bilateral cooperation outcomes in recent years have demonstrated efforts by Vietnamese and Lao businesses, governments, ministries, and sectors. The BACI's establishment was one of the practical activities of the Vietnamese Government and business community to improve their investment's effectiveness in Laos, Hien said, noting that his association has become a true bridge for bilateral trade and investment ties. He said the BACI-YEAL agreement will continue opening up many opportunities for investment cooperation, thus contributing to each country's development. For his part, YEAL Chairman Khamsen Sisavong said the YEAL-BACI cooperation is important to both at present and in the future. The two associations should also make use of opportunities to coordinate more closely to help solve youth unemployment in Laos. He asked them to jointly organize discussions on partnership in developing export products and set up a cooperation board to boost substantive… Read full this story
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