Vietnam, Cambodia, Laos move closer
Three countries of the Mekong region, Cambodia, Laos and Vietnam, will intensify their trilateral cooperation in trade, investment and tourism as economic activity between the countries will reach an estimated value of $4 billion in 2012, it turned out at a business conference held in Vietnam’s central highland province of Kon Tum on December 5 with more than 400 companies participating.
Cao Viet Sinh, Vietnam’s deputy minister of Planning and Investment, said that ministries and agencies of the three countries need to accelerate the completion of investment and business laws and make policies relating to taxes, customs and labour more flexible to improve the competitiveness of enterprises.
He also said that infrastructure and lending policies need to be improved in the region by implementing the triangle’s development master plan approved by leaders of the three governments.
The Cambodia–Laos–Vietnam development triangle comprises of 13 border provinces of the three countries. Initiated by Cambodian Prime Minister Hun Sen in 1999, the area was established to enhance solidarity and cooperation for socio-economic development, poverty reduction and security in the region.
Vietnam is currently the most active investor in the triangle, having invested into 50 projects worth close to $1.7 billion in Laos, and 25 projects valued at $1.5 billion in Cambodia.
Cambodia and Laos have said they will boost investment in hydro power, thermal power and power transmission networks in the region.
[caption id="attachment_5787" align="alignleft" width="300"] Mekong triangle business conference held in Kon Tum, Vietnam, on December 5[/caption] Three countries of the Mekong region, Cambodia, Laos and Vietnam, will intensify their trilateral cooperation in trade, investment and tourism as economic activity between the countries will reach an estimated value of $4 billion in 2012, it turned out at a business conference held in Vietnam's central highland province of Kon Tum on December 5 with more than 400 companies participating. Cao Viet Sinh, Vietnam’s deputy minister of Planning and Investment, said that ministries and agencies of the three countries need to accelerate the...
Three countries of the Mekong region, Cambodia, Laos and Vietnam, will intensify their trilateral cooperation in trade, investment and tourism as economic activity between the countries will reach an estimated value of $4 billion in 2012, it turned out at a business conference held in Vietnam’s central highland province of Kon Tum on December 5 with more than 400 companies participating.
Cao Viet Sinh, Vietnam’s deputy minister of Planning and Investment, said that ministries and agencies of the three countries need to accelerate the completion of investment and business laws and make policies relating to taxes, customs and labour more flexible to improve the competitiveness of enterprises.
He also said that infrastructure and lending policies need to be improved in the region by implementing the triangle’s development master plan approved by leaders of the three governments.
The Cambodia–Laos–Vietnam development triangle comprises of 13 border provinces of the three countries. Initiated by Cambodian Prime Minister Hun Sen in 1999, the area was established to enhance solidarity and cooperation for socio-economic development, poverty reduction and security in the region.
Vietnam is currently the most active investor in the triangle, having invested into 50 projects worth close to $1.7 billion in Laos, and 25 projects valued at $1.5 billion in Cambodia.
Cambodia and Laos have said they will boost investment in hydro power, thermal power and power transmission networks in the region.
Glad to see this prelude to full ASEAN economic integration!