On 9 Dec 2016, the Embassy of Japan in the Lao PDR and the Ministry of Planning and Investment held the 10th “Lao-Japan Public and Private Sector Dialogue,” which is supported by the Japanese Chamber of Commerce and Industry in Vientiane, JBIC Bangkok, JETRO Lao, JICA Lao and the ASEAN-Japan Centre.
The conference was attended by the dignified representative from the Government of Laos, H.E. Dr. Souphanh Keomixay, Minister of Planning and Investment, and the dignified representatives of the Japanese Government, H.E. Mr. Takeshi HIKIHARA, Ambassador of Japan to the Lao PDR, as well as Mr. Toshiji Yoshida, President of the Japanese Chamber of Commerce and Industry in Vientiane. The conference was very meaningful since the participants from both sides exchanged opinions sincerely.
The main objective of the conference was to raise issues in relation to the business environment which Japanese companies invested in the Lao PDR were facing to the Government of Lao directly so that both the public and private sector can counteract issues and exchange feedback. Another purpose of having this beneficial conference was to confer the possible improvement of the business environment in the Lao PDR by discussing several issues under the working group in three areas: Transparency and Predictability of Laws and Policies, Taxation, and Logistics, Approval, and License Procedures.
Recently, Japanese companies have actively invested in the Lao PDR, especially in the manufacturing sector. The number of companies has increased to 135 which is twice as many as the previous number from 5 years ago. Investment from Japanese companies inculcated knowledge in management, manufacturing systems, and created job opportunities in the Lao PDR. This is another form of Japanese assistance that contributes to the Lao economy.
In the future, the 11th conference, which will be held in December next year, will reconfirm benefits from the previous 10 conferences by both sides. Regarding the issues that have not yet been solved, medium-term problems and so on, the Japanese side has the strategy to collect and draft “Policy proposals”. Correspondingly, regarding the aforementioned procedure, the Japanese side will collaborate with the Lao side to create “Action Plans” which will be announced in December 2017.
Source: Lao News Agency