Laos, Singapore vow to enhance cooperation
Laos and Singapore are pledging to work together to promote trade and investment between the two countries after their trade volume climbed to US$72.5 million in 2015. As of 2016, investment from Singapore stood at US$187 million, ranking the country in eleventh place among all foreign investors in Laos. Investment is mostly in industry and handicrafts, construction, services, hydropower, the wood industry, agriculture, and telecommunications. The information was outlined on 27 July at a meeting between Minister of Foreign Affairs Mr Saleumxay Kommasith and his Singapore counterpart Dr Vivian Balakrishnan, according to the Lao foreign ministry.
