have met in Udomxay province to seek out ways of boosting investment
in the region.
The Sept. 26 event was co-organised
by the Vietnamese Consulate General in Luang Prabang province, the
Vietnamese Association in Udomxay province and attended by Governor of
Udomxay province Khamla and Vietnamese Ambassador Ta Minh Chau.
During the meeting, several businesses pointed out obstacles that
hamper Vietnamese investors in northern Laos and debated issues
including land clearance, foreign workers on large-scale projects, power
resources, mining projects, land leasing procedures, tax and export
fees.
They also agreed to set up a Vietnamese business liaison board in northern Laos .
Addressing the event, Khamla said that Udomxay province has outlined
its renewal policies to lure more foreign businesses to the province,
and implement incentives stated in the 2009 new law to encourage
investment, while creating favourable conditions for Vietnamese
investors.
On the occasion, Dien Bien Rubber
Company signed appendixes to complete the already-signed agreement on
rubber investment cooperation in Udomxay province.
Lao northern provinces , including Bokeo, Hua Phan, Luang Prabang,
Luang Namtha, Udomxay, Phongsali, Xaynhabuli and Xieng Khoang, have
enormous potentials in mineral, hydroelectricity and land but remain a
low-income region compared with others.
Vietnam
has deployed 104 projects in the northern Lao region with a combined
capital of only 67.3 million USD out of 2.4 billion USD the country has
invested in the region with 219 projects./.
