Nearly 140 Lao products, including staples, processed products, herbal medicines and handicrafts are on display at the Lao Goods Week which opened at Le Van Tam Park, Ho Chi Minh City on January 24.
HCM City (VNA) – Nearly 140 Lao products, including staples,processed products, herbal medicines and handicrafts are on display at the LaoGoods Week which opened at Le Van Tam Park, Ho Chi Minh City on January 24.
The five-day event, held by the municipal People’s Committee and the Consulate Generalof Laos in the city, attracted the participation of 100 businesses from Laoprovinces and city.
Huynh Cach Mang, Vice Chairman of the municipal People’s Committee, said the weekwill bring Lao products closer to Ho Chi Minh City’s consumers, thus promotingtrade collaboration between the two nations, he noted.
Meanwhile, Lao Ambassador to Vietnam Thongsavanh Phomvihane said that Laobusinesses see Vietnam as an important market and the event aims to createopportunities for business from both sides to meet, exchange information andseek long-term cooperation.
Seminars on investment promotion and business-matching events for Vietnameseand Lao firms will be held on the sidelines of the week.
Trade between Vietnam and Laos topped 900 million USD last year, a year-on-yearincrease of more than 10 percent. The two countries have set a target of 4billion USD in two-way trade by 2020.
Vietnamese enterprises have invested 5 billion USD in 276 projects in Laos sofar, mainly in energy, services, infrastructure, mining, agriculture andforestry.-VNA
Since Vietnam and Laos set up diplomatic relations in 1962, the relationship between the two countries has flourished thanks to efforts from both sides to make ties deeper and more effective, especially in economy, trade and investment.
The ministries of industry and trade of Vietnam and Laos co-organised a forum in Vientiane on December 19 to seek ways to improve bilateral trade, which is estimated at 900 million USD in 2017.
A large-scale trade event introducing products of Lao businesses, the first of its kind, will be held in Ho Chi Minh City from January 24-28, said a Lao official.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
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Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Visitors at the Lao Goods Week (Photo: VNA) 
