Lao Permanent Deputy Prime Minister Somsavat Lengsavat praised cooperation between Laos and Vietnam over the years as a Laos inspection committee met with Vietnamese officials in Hanoi yesterday.
For the second straight year, Vietnam has been the largest investor in Laos’ economy with 48 projects worth US$1.42 billion in total capital, followed by China and Thailand.
“There are many bright prospects for bilateral economic ties,” said Prime Minister Somsavat, who is also the chairman of the Laos-Vietnam Cooperation Sup-Committee. “Laos has strong potential for hydro-electricity, land, and minerals while Vietnam has capital, capability, and technology.”