The HCMCity Investment and Trade Promotion Centre (ITPC) and the Lao Consulatein HCM City recently held a conference to introduce investmentopportunities in the Lao market and promote trade and tourism in thecity.
Vietnam has a lot of potential to penetrate theLao market, as a great number of overseas Vietnamese live and work inthe friendly country, said ITPC Director Pho Nam Phuong.
She cited the fact that two-way trade between Vietnam and Laos wasestimated at 520 million USD in the first half of this year,representing a year-on-year increase of 11.6 percent. However,Vietnamese exports to Laos only account for 16.4 percent of thecountry’s imports, and include steel and iron, petrol, vehicles,machinery, spare parts, coal and textiles, a ccording to Vietnam ’sTrade Mission in Laos.
The ITPC will organise the 2013HCM City Investment, Trade and Tourism Exhibition from July 22-26 and asurvey trip to Laos from July 22-25.
The programmesprioritise businesses operating in the garment, cosmetics, householdproducts, food, electronics and construction materials sectors.
Besides trade, Vietnamese businesses also chose Laos as destination for their investment.
Lao Government statistics show that Vietnam has 224 valid investmentprojects in Laos , with a total registered capital of over 4.2billion USD.-VNA
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