International tourism investment promotion conference kicks off

The International Tourism Investment Promotion Conference “Four Countries – One Destination” 2011 to enhance regional tourism development in Cambodia, Laos, Myanmar and Vietnam kicked off this morning in Ho Chi Minh City.

Laos relationship to climb to new level

The message was jointly delivered by Prime Minister Nguyen Tan Dung and his Laos counterpart Thoongsing Thammavong, Laos President and People’s Revolutionary Party General Secretary Choummaly Sayasone and National Assembly Chairman Pany Yathotu during Dung’s two-day official friendship visit last week.

Ho Chi Minh City to boost investment in Laos

The Lao PM said he welcomed the visit by the delegation from HCM City and highly appreciated the city’s effective investment in Laos. He expressed his hope that HCM City will accelerate investment in such fields as education, training, agriculture, health care, industry and culture in the near future.

Work on Vietnam’s largest power plant starts in Laos

Work on a Vietnamese-invested hydro-power plant started in Laos ’ Attapeu province on March 6 with an investment of 441 million USD.

AEM Retreat wraps up in Laos

The officials shared the view that ASEAN is facing challenges due to a lack of legal regulations for many regional integration commitments and lower than expected harmonisation of policies among ASEAN members. Especially, in the 2010-2011 period of the 104 measures to be completed in the AEC roadmap, 60 percent of them have been left to be done in 2011.

Neighbours seek ways to improve economic ties

Viet Nam’s total trade turnover with Cambodia, Laos and Myanmar has grown steadily in recent years, reaching almost US$2.5 billion last year, a year-on-year rise of 33.6 per cent. Vietnamese businesses have invested in about 270 projects with a combined registered capital of nearly $5 billion in Cambodia, Laos and Myanmar.

Vietnamese Embassy in Laos organizes friendship golf tournament

The tournament was attended by leaders of Vietnam’s representative offices in Laos, and Lao senior leaders, including Vice President Bounnhang Volachit and Deputy Prime Minister Somsavat Lengsavat.

Exhibition focuses on ever-changing Indochina

The black-and-white photos portray the life and culture of people in the central province of Thua Thien-Hue, as well as Cambodia's Angkor Wat and Luang Prabang in Laos. Laval's treatment of floating houses, flickering cooking fires, the innocent smiles of kids, the austere expression on the face of an ethnic man, or a tobacco pipe between a woman's lips, captures the enigma that endures in this region.

Lao commerce enters new era with stock market launch

Standing Deputy Prime Minister Somsavat Lengsavad struck a gong to launch trading at the LSX building in Vientiane at 11 a.m. on January 11 of 2011, ringing in a new era for Laos as it seeks to modernize its economy, maintain growth and draw more foreign investment.

Music festival to foster regional amity

Seventeen professional singers representing television stations from eight ASEAN countries – Thailand, Laos, Myanmar, Malaysia, Indonesia, the Philippines, Brunei and hosts Viet Nam, as well as two other guest singers from Japan will participate in the festival. Pop stars Thu Minh and Kasim Hoang Vu, and winners of HTV song contest Singing Star on TV in 2008 and 2010 – Do Tung Lam and H'Zina Bya, represented Viet Nam at the event.

Vietnam’s financial company opens rep. office in Laos

Addressing the opening ceremony, HGCI’s General Director Nguyen Doan Thang thanked Vientiane authorities for their favourable conditions and support for the company to set up shop in Laos.

MB opens branch in Laos

The branch has its initial investment capital of US$12 million and serves Vietnamese investors and local businesses as well as individual customers.

Specific strategy needed for tourism development

Few years ago, not many people knew about Malaysian tourism but in recent years the country has received a large number of tourists because they have coordinated with other countries, such as Singapore and Thailand. Currently, international tourism linking is a common trend in the world as it saves time and money to promote trademark. Vietnam, Laos and Cambodia share cultural similarities and if travel agents know how to promote the tours of three countries together, they will become attractive destinations for international visitors.

PVN asks Laos to help speed up power projects

PVN Director General Phung Dinh Thuc held a working session with Samane Vinhakhet, politburo member of the Lao People’s Revolutionary Party and Head of the Central Steering Board on Ideological, Theoretical and Cultural Affairs in Hanoi on December 26. PVN urged Laos to apply special mechanism and incentive policies for hydro-electric power projects, especially the US$3 billion Luang Prabang plant that is of economic and political significance to both countries.

Vietnam, Laos hold first share bidding

429 investors, including 11 organisations, took part in the bidding, registering for 34.58 million shares or over 170 percent of the offered shares. The lowest price of the bidding was 5,500 kip and the highest price was 50,000 kip per share. On average each share was sold at 5,910 kip.

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