Laos will create favourable conditions for Vietnamese investors, including those from southern Dong Nai province, to effectively carry out projects in the country.

Lao General Secretary and State President Choummaly Sayasone and Prime Minister Bouasone Bouphavanh made the commitment while receiving Secretary of the Dong Nai provincial Party Committee Tran Dinh Thanh in Vientiane on September 8.

The Lao leaders praised socio-economic effects that Vietnamese-invested projects have made in Laos , saying that they help boost Laos ’ economic development as well as the friendship and comprehensive cooperation between the two countries.

They also acclaimed the signing of a 1 billion USD project between the Dong Nai-based Long Thanh Company and Vientiane authorities to build a golf course, a five-star hotel and hi-end residential area in the Lao capital.

For his part, Thanh said Dong Nai province always encourages its businesses to invest in Laos, especially in agro-forestry and processing industry.

The two sides will first speed up the building of a golf course in Vientiane and growing rubber trees in Champasak province, he added. (VNA)