The seminar was attended by Lao Government Standing Deputy Prime Minister Sonxavat Lengsavat. and Party Central Committee Member and Head of the PCC Commission of Propaganda and Training To Huy Rua.
Speaking at the opening ceremony of the seminar, the Lao Minister of Planning and Investment said that, between 2004 and 2007, Laos’ annual economic growth had reached an average above 8%, and that its GDP growth was 7.8% so far in 2008. In the past several years, more than USD 9 billion has been poured in Laos. Vietnam itself invested US$ 1.02 billion in Laos, making it number 1 among the 37 countries and territories currently investing in Loas. In Hua Phan Province alone, between 2006 and 2008, Vietnam invested in 31 projects, worth more than US$ 10 million.
Standing Deputy Prime Minister Sonxavat Lengsavat, in his speech, affirmed that Vietnam’s investment in the Northern provinces of Laos had played a strategic role for both countries and will help to further develop good Vietnam – Lao relations.
Political ministries from both countries pledged to intensify resolutions to speed up Vietnam and Lao’s investment in hydroelectricity power generation in order to reach a capacity of 5,000-7,000 MW, as well as investment in rubber plantation and cattle feedstock processing.
Moreover, the two sides pledged to enhance their two-way trade exchange from US$ 400 million at present to US$ 1 billion in 2010 and US$ 2 billion in 2015.
Speaking at the ceremony, Mr. To Huy Rua noted that the special solidarity between Vietnam and Lao is always a significant factor for the two countries to win success in the building of socialization and national protection. (CPV)
Source: vnbusinessnews
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