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Strong pledge in trade and investment in the “Indochinese Triangle” that will mainly benefit VN

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Vietnam, Laos and Cambodia meet on development triangle

February 17, 2008
VNA (Hanoi)

Strong pledges were made at a two-day meeting on trade and investment promotion into the “Development Triangle” comprising 10 border provinces of Vietnam, Laos and Cambodia concluded in Sihanoukville, Cambodia, on February 17.

Pledges showed the three countries’ resolve to boost investment into the region, strengthen internal link and put into full use potential and available resources of each and every province for economic development, especially production of commodities.

No stone will be left unturned so as to reach the goal for high and sustainable economic growth ratified by the Prime Ministers of the three countries in Vientiane , Laos , on November 28, 2004,” they said in an agreement.

The Vietnamese head delegate, Deputy Minister of Planning and Investment Nguyen Bich Dat, said the country has issued open policies, offered numerous stimuli and upgraded infrastructure facilities to boost investment from the three countries as well as other countries into the Vietnamese provinces lying in the “Development Triangle.”

“The Vietnamese Government has also taken measures to encourage domestic investors to invest in Lao and Cambodian provinces lying in the Development Triangle,” he added.

The meeting, the second of its kind to date, was marked with a speech by Senior Minister and Trade Minister of Cambodia Cham Prasith. He emphasised the important role played by the “Development Triangle of Cambodia , Laos and Vietnam ” in the socio-economic development of each province in the region and the common future of the three countries as well.

He said the conference would be a good opportunity for businesses and authorities from the three countries’ provinces sharing the borderline to promote trade and investment so as to turn the “Development Triangle” into a region of socio-economically sustainable development.

The meeting drew in over 100 businesses, plus authorities, from the three countries who shared experiences and informed each other with their own countries’ policies and stimuli for foreign investment.

The region has been highly evaluated for its great potential in hydro-power industry, mining, industrial crops growing and processing, and tourism.

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Written by Kolbot Khmer

February 18, 2008 at 9:03 am

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