Conference promotes HCMC’s investment, trade and tourism in Vientiane
(VNF) - Within the framework of the “Ho Chi Minh City’s Days in Vientiane” event, the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) organised a conference to promote the city’s investment, trade and tourism in Lao capital on the afternoon of July 29th.
The event took place at a time when the two countries are celebrating the 55th founding anniversary of diplomatic ties and 40 years since the signing of the Treaty of Amity and Cooperation.
Vice Chairman of the Ho Chi Minh City People’s Committee Huynh Cach Mang said that the conference offered a chance for Vietnamese and Lao enterprises to seek cooperation opportunities, establish long-term and effective relations, and increase the number of investment projects.
He suggested the two sides’ departments, agencies and units to maintain regular coordination mechanisms, promptly provide information on policies, legal regulations and projects calling for investments.
According to him, Ho Chi Minh City currently has 36 enterprises investing in Laos with a total capital of USD 345 million. Numerous trade fairs and investment promotion conferences have been held in recent years, helping connect the two countries’ businesses and provide useful information for them.
At the conference, five memoranda of understanding on cooperation between the two sides were signed.
In recent years, Ho Chi Minh City also have supported Vientiane in building two friendship high schools, upgrading one secondary school, building a financial information centre and training human resources
Deputy Mayor of Vientiane Keophilavan Aphaylath spoke highly of contributions of investment projects by Vietnamese businesses, including those from Ho Chi Minh City, to the Lao capital’s development.
He stressed that the conference was to help Vietnamese enterprises understand more about Vientiane’s preferential policies related to trade, investment and tourism.
At the conference, five memoranda of understanding on cooperation between the two sides were signed, including one memorandum between the Ho Chi Minh City Department of Tourism and Vientiane’s Department of Information, Culture and Tourism./.