Investing and conducting business in Laos is a priority for many Vietnamese companies, and this event provides a platform for them to network with one another and share best practices for attracting capital and launching successful ventures in Laos.

In the past, being able to stand shoulder to shoulder with corporations was made possible by the effective resolution or management of a number of difficult difficulties and recurrent issues that threatened to disturb the harmony of interests between all of the parties involved. The heads of the two Parties and Governments have provided clear guidance to, and made strengthening investment cooperation between the two countries a priority for, the work that needs to be done in this area. It has been extensively implemented by ministries and branches in the two countries over the last many years, helping to boost companies and eliminating impediments as they come up.

The agencies of the two countries will be focusing on a number of large and important projects in 2022, such as the completion of Zecaman 3, the agricultural project of the Truong Hai Group, the mining and processing of alumina bauxite minerals by the Viet Phuong Group, scheduled to begin on December 19, 2022, and the progress of processing related to the Kali salt mine project and the Noong-Noong hydroelectric dam.

Despite the country's progress, the global economic climate and the Covid-19 epidemic pose challenges for Laotian businesses and investors. large-scale Laos, such as the difference in the KIP exchange rate, the lack of foreign currency, and growing inflation; concerns pertaining to capital, tax, import and export of commodities, equipment, labor, land leasing, trade promotion, the search for consumer markets, etc. the manufacturing and commercial activities of companies.

Organization of investment, manufacturing, and commercial operations in Laos should be prioritized by Vietnamese enterprises and investors as they see this as both a growth opportunity and a duty. nation Laos is analogous to one's own country's contribution. The Deputy Minister said that the Ministry of Planning and Investment accepts the suggestions of Lao agencies and enterprises to collaborate with other ministries, branches, and localities in his capacity as Chairman of the Vietnam-Laos Cooperation Committee. More and more soon, the investment cooperation between businesses in the two nations will be successful thanks to the efforts of the two sides, who will have worked out ways to enable prompt execution, particularly taking into account and resolving challenges and impediments.

Kham-Chen Vong Pho-Sy, the Lao Minister of Planning and Investment, said at the end of the working meeting with enterprises to provide guidance to government agencies. plan how to best apply next improvements. The Minister has publicly acknowledged and praised Vietnamese businesses for their previous performance, saying that their efforts have made significant contributions to Laos's economic growth and public coffers. help Laos establish reliable employment opportunities and execute effective social protection measures. The Minister of Commerce, Industry, and Trade of Laos, Kham-Chen Vong Pho-Si, has promised to cooperate with the relevant departments to further strengthen the country's investment climate, with a focus on upcoming steps to eliminate challenges and barriers for Vietnamese businesses.