Vietnam’s investment contributes to Lao economic development
Vietnamese businesses have showed good performance in Laos, contributing to boosting the country’s economy, especially speeding up its poverty reduction process.
Vietnamese businesses have showed good performance in Laos,contributing to boosting the country’s economy, especially speeding upits poverty reduction process.
At a ceremony tomark Vietnam Entrepreneurs’ Day (October 13) held in Vientiane onOctober 14 by the Vietnamese Business Association in Laos, GeneralDirector of the Lao Tax Department Sitthisone Thepphasy spoke highly ofthe Vietnamese businesses’ effective investment in Laos and expressedhis thanks for their contributions to the country’s economic developmentand social welfare activities.
Vietnamese businesses have invested in 435 businesses in Laos with a total capital of 5.2 billion USD.
Speakingat the event, the Vietnamese Businesses association’s President NguyenDuc Moc said that Vietnamese entrepreneurs always follow strictly Laos’law and support each other.
Apart fromcontributing to the Lao State budget each year, they have raised fundsto help the Lao people in difficulty, he added.
On the occasion, Vietnamese businesses and participants donated morethan 150 million LAK (20,000 USD) to support needy people.-VNA
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
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More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
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