VIENTIANE, OCT 7 – The 2024 ASEAN Investment Forum (AIF) in Laos aims to promote ASEAN as a major investment destination in addition to forging relationships with investors and the global economy.
Among the main focuses of AIF 2024 is the launch of the ASEAN Regional Investment Action Plan (2025-2030).
Deputy Prime Minister and Foreign Minister of Laos, Saleumxay Kommasith said the ASEAN Regional Investment Action Plan was an important initiative.
“The ASEAN Regional Investment Action Plan is an important effort to position ASEAN as an integrated investment destination,” he said in a statement today.
The plan sets out a strategic action framework as ASEAN’s guide in efforts to attract investment, promote sustainable development and further integrate ASEAN as a single investment destination under the ASEAN Comprehensive Investment Agreement and the ASEAN Economic Community 2025 Blueprint.
Meanwhile, Saleumxay also emphasized the importance of foreign direct investment (FDI) in advancing the development of Laos, particularly in sectors such as renewable energy, infrastructure and digital transformation.
“Laos has attracted significant foreign investment in hydro, solar and wind energy projects, which contribute to the region’s clean energy goals,” he said.
AIF 2024 is organized 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 (ESCAP). – Named
