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Vietnam-Laos boost investment cooperation

by VTV427 March 2016 Last updated at 08:42 AM

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VTV.vn - Under the framework of the 2016 Việt Nam-Laos investment co-operation conference, a meeting of 100 Laos-based Vietnamese investors was held in Danang city on Saturday.

 The event was co-organized by the Planning & Investment ministries of the 2 nations and the Association of Việt Nam Investors to Laos. At the meeting, it was affirmed that Vietnam had laid a foundation for Laos-based potential industries such as mining, rubber processing, sugar production, and hydropower. Until now, Vietnamese investors have poured nearly 5 million USD into Laos, creating jobs for some 40 thousands local residents. Vietnam also ranks second among countries investing in Laos.