PM urges Lao-Thai business, public sectors to boost investment
Prime Minister Thongloun Sisoulith has urged the business and public sectors in Laos and Thailand to open their hearts to investment and cooperation. He made the comment at the Lao-Thai Business Forum 2017 in Vientiane on January 16, organised by the Lao National Chamber of Commerce and Industry in collaboration with the Thai Embassy to Laos. The meeting drew nearly 200 participants from the two countries, including businesspeople, officials from the Thai and Lao Chambers of Commerce and Industry, and relevant ministries. Mr Thongloun told participants that besides opening their hearts to each other, they should break down barriers to enable better investment and cooperation. Of course, Laos and Thailand have their own investment laws and Laos has just passed the new Investment Promotion Law, which will be implemented in the most effective way, he said. Business mechanisms must be quick, timely and transparent, he added. Investment proposals must be passed through only a single window and projects must be open to inspection, the prime minister said.
