Laos and China organize business forum aiming to attract Chinese investors to Laos

Laos and China organize business forum aiming to attract Chinese investors to Laos

(Dr. Khamlien Pholsena, Vice Minister of Planning and Investment delivers opening remarks)

On June 12th, 2017, Ministry of Planning and Investment (MPI), Ministry of Industry and Commerce (MOIC) and Lao National Chamber of Commerce and Industry (LNCCI) of Lao PDR co-organize Laos Investment Seminar 2017 in Kunmming, Yunnan Province, People’s Republic of China under the support of Yunnan Construction-Investment-Shareholding Co.,Ltd. This seminar is organized back to back with the 2017 South and Southeast Asia Commodity Expo and Investment Fair.

Dr. Khamlien Pholsena, Vice Minister of Planning and Investment said Lao National Assembly promulgated the revised Investment Law 2016 aiming to improve Investment to be practical and suitable for to actual need and implementable factor. This is very important step because the foreign investments play a crucial role for national economy growth. There are 9 priority sectors for domestic and foreign direct investment (FDI) such as agriculture, healthcare, hi-tech and environmental friendly industry, etc. Investments into these sectors will be given more investment incentives. Investments into 12 special/specific economic zones also obtain special investment incentives. Attracting Chinese investments to Laos would contribute to the economy growth, currently Chinese investments rank as the top in which the investments from Yunnan Province accounts for 40% of total Chinese investments to Laos.

(about 100 audiences attend the Laos Investment Seminar in Kunming, Yunnan Province)

Mr. Thanongsinh Kanlaya, Vice President of LNCCI presents background of business environment in Laos and introduces some key projects to seek for Chinese investors/ counterpart such as the development of Tad-Xone Tourism site in Vientiane Capital, real estate development in Borikhamxay Province, Furniture factory and exhibition hall in Vientiane Capital, development of special economic zone in Luanprabang province and other projects in Bokeo Province and Savannakhet.

In addition that, Manager of Yunnan Construction-Investment-Shareholding Co.,Ltd shares the successful project development in Laos such as Vientiane Center, Xaysetha development zone, Sky city project and cement factory.

The half-day session is followed by the presentation of Chinese company who invests in organic plantation and Lao company who invests in agriculture and real estate development called Lao Samay Group.

 

Resource: Mr. Phouvong NGAOPHONGSAVATH (Deputy Director of Investment Promotion Division, IPD-MPI)

 

 

 

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Last update: 22 September 2017.