MOIT VIETNAM | Vietnamese State Capital Management Committee Works to Resolve Issues For Enterprises in Laos
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Vietnamese State Capital Management Committee Works to Resolve Issues For Enterprises in Laos
From November 6 to 8, a delegation from the Committee for Management of State Capital at Enterprises (CMSC), led by its Chairman Mr. Nguyen Hoang Anh, embarked on a mission to Laos to engage with government leaders and key ministries. The visit aimed to address challenges and expedite the progress of various investment projects in Laos represented by CMSC.
During the visit, the delegation held meetings with several high-ranking officials, including Lao Deputy Prime Minister and Minister of Foreign Affairs Saleumxay Kommasith; Minister of Planning and Investment Khamchen Vongphosy, who is also the Chairman of the Laos-Vietnam Cooperation Committee; Secretary and Governor of Khammouane Province Vansay Phongsavan; and Deputy Minister of Energy and Mines Thongphat Inthavong.
Mr. Nguyen Hoang Anh informed the Lao officials that CMSC, representing the state ownership in 19 corporations and general companies operating across 16 economic and technical sectors, has several enterprises that are effectively investing and operating in the Lao market. These enterprises also have collaborations with numerous Lao businesses.
The discussions focused on identifying and resolving the impediments faced by Vietnamese enterprises in Laos. These issues range from bureaucratic hurdles to operational challenges that have been hampering the full potential of the investments. The meetings were conducted in a spirit of cooperation, with both sides acknowledging the importance of Vietnamese investments for the economic development of Laos.
The CMSC’s visit is part of a broader effort to ensure that Vietnamese state-owned enterprises (SOEs) can operate efficiently abroad. It reflects the Vietnamese government’s commitment to supporting its SOEs in overcoming international market challenges.
The Lao officials expressed their willingness to work closely with the CMSC to resolve the issues. They recognized the contribution of Vietnamese enterprises to the Lao economy, particularly in sectors such as energy, mining, and infrastructure.
The visit concluded with a mutual understanding that both parties would take necessary measures to facilitate the smooth operation of Vietnamese investments. This includes streamlining administrative procedures, ensuring transparent legal frameworks, and providing support for overcoming logistical and market entry barriers.
The CMSC’s proactive approach is expected to yield positive outcomes, not only for the involved enterprises but also for the economic partnership between Vietnam and Laos. The visit underscores the significance of regional cooperation and the shared goal of economic prosperity in the Southeast Asian region.
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