The forum’s Chairperson, Dr. Bounthavy Sisouphanthong, Vice Minister of Planning and Investment
On September 19, 2015, the 12th Lao-China Business and Investment Forum was organized by China ASEAN Secretariat and Department of Commerce of Guangxi Zhuang; and sponsors by Ministry of Planning and Investment and Ministry of Industry and Commerce of Lao PDR. This event could attract over 200 Chinese potential investors from various sectors such as logistics, service, agriculture and health care.
On the opening remarks of Dr. Bounthavy Sisouphanthong, chairperson of the forum , it covered the 5 year Social and Economic Development Plan 2016-2020 and key targets that are needed. One of key elements is the contribution of the domestic and foreign investments. Thus, the Vice Minister was strongly encourage the Chinese Investors to seek the investment opportunities and contribute to the development of the Lao PDR and embrace with the mutual benefits of both sides.
The 12th Lao-China Business and Investment Forum was organized back to back with the 12th China-ASEAN EXPO or known as the CAEXPO.
On the same day of that forum, the 12th CAEXPO Round Table Meeting on Investment Cooperation was hold. The representatives from the investment promotion agencies from ASEAN and China shared their common goals to facilitate the trade and investment under the theme of maritime time cooperation.
Ms Sengdeune Sayasone (second from right), Head of Investment Promotion Division, Investment Promotion Department, Ministry of Planning and Investment
Ms. Sengdeune Sayasone, the preventative from Lao PDR emphasized 3 key areas of future cooperation among China and ASEAN member states.
- International Capacity Cooperation: there is a clear need for advance capacity that Laos needs in short-term and long-term. As for the short term, the government welcomes the expertise and transfer know-how in potential industries such energy, manufacturing, agriculture, education, healthcare and service. As for long-term, the government focuses on the human resource development.
- Logistics Parks: Lao government aims to transform Laos from the land-locked to become the lank-link country. Given that strategic location, we have linked our land with other neighboring countries various means such as building the bridge to connect Laos with Thailand and Myanmar; several bridges across the country; road upgrading to regional standard; opening new international checkpoints for goods and people; railway development plan; and open the direct flights to major Asian cities. Apart from that, we have a clear policy to develop the logistics parks. The Boten Logistics Parks will be one of the leading parks in northern part of Laos to facilitate the moving of goods across ASEAN and China. In Vientiane Capital, we also have a plan to develop another logistics Parks close to the Mekong Bridge.
- Sectors, industrial Cooperation Fields and Projects: the Lao government would like to 13th CAEXPO support the infrastructure development aiming to enable the land link initiative and facilitating the investment and trade. One of the key project is the railway development project connecting Kunming to Vientiane Capital city. We strongly believe the development of this railway would enhance the construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road which would integrate the ASEAN and China in higher level.