Vietnam, Cambodia, Laos move closer

Mekong triangle business conference held in Kon Tum, Vietnam, on December 5

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

[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...

Mekong triangle business conference held in Kon Tum, Vietnam, on December 5

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

1 COMMENT

Leave a Reply