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On June 11, 2015, the Workshop on the Final Consultation on Public-Private Partnership (PPP) Draft Decree with Public and Civil Society Sectors was organized by Ministry of Planning and Investment and supported by the Asian Development Bank.

Mr. Manothong Vongsay, chairperson of the workshop went over objectives of the event and background of the draft of PPP Decree. The key objective is to welcome constructive comments from the concerned ministries and the civil society sector aiming to ensure the PPP Decree contains all necessary information. The chairperson also encourage the participants to express their thoughts in order to ensure effectiveness of managing the future PPP projects and bringing the benefits to all concerned parties.

The draft of PPP decree has been over several consultations and been revised 6 times. The several revisions were made in corresponding to comments/suggestions from wide range communities, for instance the concerned government agencies, private sector and as well as the international organizations. The most recent revision was brought the comments from IFC into the draft. The comments from JICA will be considered and put into the draft. 

This final consultation workshop attracted several comments from both public, civil society and private sectors. It covered several aspects such as the definition, volume, mechanism, interpretation, scope, wording, roles, scale of the projects, etc.

The new revision of the PPP Decree will be made in according to those comments. Then, it will be submitted to Ministry of Justice and Government Office for further consideration and approval. 

A public–private partnership from the open source site said it is a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP, P3 or P3.

PPP involves a contract between a public sector authority and a private party, in which the private party provides a public service or project and assumes substantial financial, technical and operational risk in the project. In some types of PPP, the cost of using the service is borne exclusively by the users of the service and not by the taxpayer.[1] In other types (notably the private finance initiative), capital investment is made by the private sector on the basis of a contract with government to provide agreed services and the cost of providing the service is borne wholly or in part by the government. Government contributions to a PPP may also be in kind (notably the transfer of existing assets). In projects that are aimed at creating public goods like in the infrastructure sector, the government may provide a capital subsidy in the form of a one-time grant, so as to make it more attractive to the private investors. In some other cases, the government may support the project by providing revenue subsidies, including tax breaks or by removing guaranteed annual revenues for a fixed time period.

Between May 5th-6th, 2015 Mr. Masayuki NAOSHIMA, member of Diet and former Minister and Mr. Teruhiko MASHIKO, Former Senior Vice Minister of Economy, Trade and Industry had visited Lao PDR as a part of the mission of the Federation of Multipartisan Diet Members Supporting Economic Research Institute for ASEAN and East Asia.

Over the 2 day visit, Mr. NAOSHIMA and Mr. MASHIKO paid a courtesy visit high ranking officials of Laos PDR, including Deputy Prime Minister, Minister of Industry and Commerce and Minister of Planning and Investment. Both sides agreed to deepen their cooperation to facilitate the fruitful outcomes of their strategic partnership. They also agreed to work closely on the human resource development and the facilitate the direct flight between Lao PDR and Japan.

Lao side expressed wholehearted thanks to the supports from Japanese people and the Japanese government in various areas which have brought Japanese as the top donor for many years. Lao side also urged for the continuation supports from the Japanese government.

Lao side encouraged more Japanese investment into Lao PDR given the reputation of their high quality investments. Up till now, there are over US$400 million of Japanese investments made in Lao PDR and Japan is ranked as number 7. 

In 2015, Lao PDR and Japan mark the 60th anniversary of the diplomatic relation and also celebrate the 50th anniversary of dispatching the first Japanese volunteer to Lao PDR.

(Vientiane Times Newspaper) On May 11, 2015, Lao President Choummaly Sayasone and Myanmar President U Thein Sein opened the friendship bridge between the two countries.  This friendship bridge would facilitate the trade, investment and tourism between the two countries as well as the region. 

The bridge links Xienglab Township in Thachilek district of Myanmar's Shan State with Xiengkok village in Long district, Luang Namtha province, northern Laos. The construction cost of this bridge is US$26 million. This 30 month project was started 2013 and completed 5 ahead the schedule. 

On the opening remarks of Lao Foreign Affairs Minister Thongloun Sisulith and Mynmar Foreign Affairs Minister  U Wunna Maung Lwin commonly share  that this first friendship bridge between Laos and Myanmar reflect the closer ties between two countries,  friendship, good relations and mutual understanding  people between the two countries.

Construction of the bridge was first proposed by Vietnam at the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) meeting held in Yangon in October 2003.

The bridge will become an integral part of the GMS Northern Economic Corridor which will connect Vietnam's Haiphong Seaport and Myanmar's Kyauk Phyu Seaport through Laos.

Government working with private sector to reduce barriers to investment in Savannakhet Province.

 

Vientiane, 24th February, 2015. Private investments are driving provincial socio-economic development in Savannakhet Province, with 36 per cent of total investment attributed to the private sector, according to the latest data from the Savannakhet Department of Planning and Investment Promotion. Savannakhet Province boasts investment opportunities in organic agriculture, food processing, tourism and education as well as Special Economic Zone opportunities. However, growth in private investment still faces significant policy, taxation and administrative hurdles.

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Last update: 22 September 2017.