Thursday, 28/03/2024

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General working visit of prime minister Nguyen Tan Dung in Laos relating to BIDV

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In the framework of a working visit of Mr. Nguyen Tan Dung - Member of the Political Bureau , the Prime Minister of Socialist Republic of Vietnam - in the Lao People's Democratic Republic, with the consent of the party leaders, governments of Vietnam and Laos , in 13/09/2015 , Bank for Investment and Development of Vietnam ( BIDV ) has celebrated the start of the project to build schools East Ka -Sen ( Dongkasen ) in the town of Tha Khet ( Thakhek ) , Kham Muon province ( Khammouan ) , Laos PDR funded by the Bank with  $ 200,000 total construction cost.

Speaking at the ceremony, Mr. Tran Luc Lang - Deputy General Director of BIDV , chairman of the Board in connection Laos Vietnam Bank said: "  Primary School East Ka -sen Buildings after finishing in operation will create more favorable conditions for teaching and learning of teachers and schools contribute to training human resources for the increasing quality of Laos. It is also a practical present expressing intimacy and attachment of Vietnamese to Kham Muon province in particular and people of Laos in general".

In the framework of a working visit , Prime Minister Nguyen Tan Dung and Lao Prime Minister Thongsing Thammavong also attended the groundbreaking ceremony for mining projects and processing of potash salts from Vietnam Chemical Corporation ( Vinachem ) as investor. In it , Vinachem contributed by equity capital is $ 105 million remaining is BIDV loans and some other commercial banks. This is a key project , located in the development planning of chemical industry of Vietnam . The project will become a part of Lao economy, when operating will bring major benefits to both countries , including Khammouan province , contributing to creating more jobs , increasing revenue collection and transfer of technology and contributing to economic development - in local society.

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Afternoon 14/9 , before the end of the visit , Prime Minister Nguyen Tan Dung met investor community investing to Vietnam in Laos ( Avil ) .

Currently, Vietnam is the second largest among the countries with investment activities in Laos with 261 projects licensed, total FDI of about 5.22 billion dollars (data through December 8/2015) and among the investing fund offshore of Vietnam, Lao receives the biggest amount. Investment activities focus on the areas of energy, services, infrastructure, agriculture, forestry and mining. Avil has contributed significantly to revenue and resolve employment in Laos. Prime Minister Nguyen Tan Dung said that the investment cooperation and trade of Vietnam in Laos is not merely economic activities mutually beneficial but also contributes positively to the economic development of Laos society as well as contribute to promoting the traditional friendship, special solidarity between the two countries. The Prime Minister also affirmed that the Government, ministries and agencies of Vietnam always supported, support and create favorable conditions for businesses of Vietnam to promote investment cooperation, effective business in Laos; also will coordinate closely with the Government, as well as ministries of Laos functions focusing on solving the difficulties and problems arising in investment cooperation between two countries, putting partnerships Vietnam-Laos investment continues with the new developments in the future.

LaoVietBank