Vietnamese firms in Laos gather to propose measures against difficulties
Over 100 Vietnamese firms doing business in Laos joined a conference in Vientiane on November 22 to collect raise their ideas to be submitted to the two Prime Ministers so as to ease difficulties they are facing.
Vietnamese Ambassador to Laos Nguyen Ba Hung at the event (Photo: VNA)
Vientiane (VNA) – Over 100 Vietnamese firms doing business in Laosjoined a conference in Vientiane on November 22 to collect raise their ideas to be submitted to the two Prime Ministers so as to ease difficulties they are facing.
Speaking at the event,Vietnamese Ambassador to Laos Nguyen Ba Hung said that with socio-politicalstability and great bilateral friendship, Laos is now Vietnam’s largest sourceof outbound investment, adding that as a member of the RegionalComprehensive Economic Partnership deal, Laos will realise policy and mechanismreform to create more favourable conditions for foreign firms, includingVietnamese.
As many as 14corporate representatives spoke highly of the Lao Government’s support forVietnamese enterprises in the host country.
They suggested thatthe Vietnamese Government offer all possible support in terms of capitaland resources to Vietnamese firms investing in Laos, such as mechanisms andpolicies related to land ownership right, export and import of goods andlabour.
Enterprises called on the two State banks and governments to considerencouraging the use of Lao and Vietnamese currencies to ease reliance on USdollar and pressure on the shortage of foreign currencies.
Barriers to doingbusiness in Laos should also be removed to carry the Lao economy forward,contributing to further tightening bilateral friendship, they said.
According to the Association of Vietnamese Investors in Laos, Vietnam now ranksthird among the countries and territories investing in Laos withover 400 proje﷽cts worth﷽ nearly 4.2 billion USD./.
Vietnamese Minister of National Defence General Ngo Xuan Lich on September 8 held phone talks with his Lao counterpart General Chansamone Chanyalath to review bilateral defence cooperation in the recent past and discuss cooperation directions for the time to come.
Vietnamese Deputy Foreign Minister Nguyen Quoc Dung and his Lao counterpart Thongsavanh Phomvihane co-chaired their fifth political consultation via a video conference on October 29.
Vietnamese Prime Minister Nguyen Xuan Phuc held phone talks with his Lao counterpart Thongloun Sisoulith on November 10 to discuss bilateral ties and regional cooperation ahead of the 37th ASEAN Summit.
Prime Minister Nguyen Xuan Phuc chaired a meeting with ministries and sectors on November 17 to review Vietnam-Laos cooperation and discuss preparations for the 43rd meeting of the Vietnam-Laos Inter-governmental Committee slated for early December in Hanoi.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
Vietnamese Ambassador to Laos Nguyen Ba Hung at the event (Photo: VNA) 
