Business executives from the Philippines have been exploring trade and
investment opportunities in Laos ahead of the soon to be established Asean
Economic Community.
A Philippines business delegation
visited Vientiane on July 7-10 as part of an outbound business mission
organised by the Embassy of the Philippines to Laos, in coordination with the
Philippines Department of Trade and Industry, a press release from the embassy
said.
The business executives met with
Lao entrepreneurs and officials in charge of trade and investment at a Business
Matching/Networking Session on July 9 to discuss trade and investment
opportunities.
In her remarks, Philippines Ambassador
to Laos Maria Lumen B. Isleta called on business representatives of both sides
to actively explore partnerships and ventures, especially as the Asean Economic
Community nears realisation.
She noted the great economic
strides that Laos and the Philippines have been achieving. The positive
prospects for growth for both countries also provide an environment conducive
to greater trade and investment partnerships.
Deputy Director General of the
Investment Promotion Department of the Lao Ministry of Planning and Investment,
Mr Outakeo Keodouangsinh, discussed the competitive advantages of investing in
Laos, the sectors for best investment opportunities, and the foreign investment
law and incentives that have made it easier and more attractive for business
operators to invest in Laos.
He informed the Philippines
business operators of the central location of Laos in the Greater Mekong
Sub-region and the larger market that can be reached by investing in Laos, the
press release said.
Presentations on doing business
in Laos by officials from relevant ministries and the Lao National Chamber of
Commerce and Industry, and the Philippines commercial counselor’s office, were
followed by networking sessions which allowed Lao business operators to confer
with the Philippines visitors representing various manufacturing and service
industries.
The business mission is the
second for the Philippines since July 2010. It comes just two months after an
official visit to the Philippines by Prime Minister Thongsing Thammavong.
During the Lao premier’s visit, a
large delegation of Lao business operators who had accompanied the Prime
Minister to the Philippines took the opportunity to sign a cooperation
agreement between the Lao and Philippines national chambers of commerce and industry.
This paved the way for the establishment of bilateral business councils in
Manila and Vientiane.
Chairman of the Lao–Philippines
Business Council, Mr Daovone Panchanthavong, also attended the networking
session.
Source: Vientiane Times
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Healthcare and Life Science with expertise in ASEAN. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programmes. Many thanks for visiting www.yourvietnamexpert.com and/or contacting us at contact@yourvietnamexpert.com
No comments:
Post a Comment