Laos hosts ASEAN Investment Forum, launches strategic blueprint for regional growt

: The ASEAN Investment Forum 2024 in Laos is aimed at enhancing ASEAN as a prime investment destination and forging connections with investors and global economies.“The ASEAN Regional Investment Action Plan is a landmark initiative aimed at positioning ASEAN as a unified investment destination,” said Laos Deputy Prime Minister and Minister of Foreign Affairs, Saleumxay Kommasith in a statement today.

Meanwhile, Saleumxay underscored the importance of foreign direct investment in advancing Laos’ national development, particularly in sectors such as renewable energy, infrastructure, and digital transformation. The AIF 2024 was organised in collaboration with the Ministry of Planning and Investment of Laos, the ASEAN Business Advisory Council, the ASEAN Secretariat, and the United Nations Economic and Social Commission for Asia and the Pacific .

Laos had previously held the ASEAN chair in 2016 and 2004, and will officially pass the chairmanship of ASEAN to Malaysia on October 11.

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