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Vietnam, Laos enhance investment ties

Lao Deputy Prime Minister Somsavad Lengsavath has highly valued the investment efficiency of Vietnamese businesses in his country.
Lao Deputy Prime Minister Somsavad Lengsavath has highly valued theinvestment efficiency of Vietnamese businesses in his country.

The Deputy PM hosted a reception for Vietnamese Deputy Minister ofPlanning and Investment Nguyen Chi Dung, deputy head of the Vietnam-LaosCooperation Sub-committee, on May 26 in Vientiane.

A Politburomember and head of the Laos-Vietnam Cooperation Sub-committee,Lengsavath said he hopes the two sides will work more closely to removeall obstacles in their bilateral partnership and investment ties,contributing to consolidating Laos-Vietnam special relations.

Dung expressed his deep sympathies over the recent plane crash whichkilled several officials from the country’s defence ministry, statingthat the tragedy represents a great loss for the Party, State andGovernment of Laos.

He thanked the Lao Government for creatingfavourable conditions for Vietnamese investors. He noted that the twocountries have expanded their bilateral cooperation in various fields,including politics, defence, security, economics, trade andsocio-culture.

Some large Vietnam-funded projects, such as the522.4 million USD rock salt plant, have shown the interest of Vietnameseinvestors in Laos, he stated.

Dung, who is also a member ofthe Party Central Committee, also thanked the Lao Government for thehigh consensus that it shows towards the ASEAN Statement on the EastSea issue.

He noted that facing the tension in the EastSea, Vietnam is determined to protect national sovereignty andterritorial integrity through peaceful methods in accordance withinternational law.

The same day, Dung was also received byThongloun Sisoulith, Politburo member, Deputy Prime Minister and ForeignMinister.-VNA

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