VNA
Vietnam supports the building of a plan to accelerate the liberalization and facilitation of trade and investment among countries of the Greater Mekong Subregion (GMS), the prime minister said Sunday.
PM Nguyen Tan Dung made the statement at a forum on GMS business and investment that was held on the threshold of the third GMS Summit, which opens in Vientiane Monday.
PM Dung appreciated the business circle’s recommendations regarding the harmonization of policies and simplification of trade and investment procedures to reduce time and cost for business and trade in the region, thus facilitating regional investment cooperation and improving the region’s competitiveness.
He suggested that regional countries take advantage of the regional road system and work to boost investment, trade, tourism and cultural exchange.
He also stressed the need of a policy to support and boost the development of small and medium-sized enterprises in the region.
The same day, PM Dung attended the first GMS youth forum.
At the forum, PM Dung applauded the youth’s suggestions on the regional integration process.
He especially appreciated their proposals that the countries’ leaders help young people contribute more to the development of the region through job creation and the preservation of the cultural diversity.
PM Dung and his delegation had arrived in Vientiane Sunday.
He met with Lao President Choumaly Saynhasone and his Lao counterpart Bouasone Bouphavanh.
The leaders expressed satisfaction over the recent development of effective and practical relations in economy, trade and investment between the two nations.
They pledged to bring two-way trade revenues to US$1 billion by 2010, $2 billion by 2015 and $5 billion by 2020.
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