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Laotian Government and HCM City People’s Committee are offering investment incentives and bank loans to beyond preoccupy Vietnamese investment into its adjoining nation.
“Cooperation with Laos is the liability, liability and the right of Vietnam [link widoczny dla zalogowanych],” Triet was quoted by Vietnam News for saying.”When we invest in Laos we invest in our own country.”
Also in the accident was Lao Deputy Prime Minister Somsavat Lengsavat who said namely he welcomed Vietnamese investment in his country.”Vietnam is the biggest exotic investor in Laos,” Somsavat was quoted as saying by Vietnam News. “The assist given by Vietnamese investors and the Government has greatly contributed to the socio-economic evolution of Laos and the living conditions of Lao people.”
The Lao government is prepared apt attempt provocations for the industries of processed industry and mineral exploitation, vehicle infrastructure, schools, hospitals, restaurants, hotels and tourism services. Laos enjoys the advantage of having low labor prices, rich normal resources and agricultural land although investment namely hampered at vague regulations [link widoczny dla zalogowanych], needy infrastructure and lower proficient workforce.
Both countries have set a goal to target US$1 billion value of bilateral trade by 2010 and US$2 billion by 2015. “So far [link widoczny dla zalogowanych], 179 Vietnamese projects have received operating licenses in Laos worth a absolute enrolled chief of US$1.9 billion,” Le Hoang Quan, leader of the HCM City People’s Committee, told Vietnam News.