Vietnamese Business Association for Cooperation and Investment in Laos to do long-term business

Vientiane (VNA) - The Vietnamese Business Association for Cooperation and Investment
in Laos pledged to do long-term business in the neighbouring country in its first
congress that opened on January 10 in Vientiane .

The event, which drew the participation of representatives from 122 businesses,
praised the achievements made by the association members over the past years and
put forwards directions for its operation.

Accordingly, in the first three years of operation (2010-2013), the association
will focus on strengthening its apparatus, completing its working mechanisms and
developing skillful human resources. In addition, the association will build an
information centre, a business law centre and a club of entrepreneurs.

Addressing the congress, Vietnamese Ambassador to Laos Ta Minh Chau affirmed that
the congress was a major event, marking the strong development of the Vietnamese
business community in Laos . Chau said he believed that the association would
help strengthen the special friendship between the two countries.

Vietnam is now the largest foreign investor in Laos , with 186 investment
projects capitalised at over 2 billion USD. -Enditem