Baku:An investment and business forum between Azerbaijan and Laos took place in Baku, organized by the Ministry of Economy and the Lao National Chamber of Commerce and Industry (LNCCI).
According to Azeri-Press news agency, the event aimed to bolster economic and trade relations between the two countries, encourage mutual investments, and enhance cooperation among business sectors.
The forum saw participation from Azerbaijani and Laotian officials, as well as company representatives in sectors including tourism, construction, consulting, logistics, finance, and industrial engineering. Deputy Minister of Economy Anar Akhundov highlighted the significance of expanding economic ties and fostering direct contacts between business groups. He described the forum as a valuable platform for discovering cooperation prospects and forming new partnerships.
Laos’ Deputy Minister of Industry and Commerce, Manothong Vongsay, expressed his country’s interest in advancing trade and investment cooperation with Azerbaijan. He emphasized the importance of expanding entrepreneurial connections, exploring mutual economic opportunities, and supporting joint initiatives.
Thanongsinh Kanlagna, Executive Vice President of the LNCCI, stressed that strengthening ties between the business communities of both nations and organizing such events would open up new collaboration opportunities.
The forum included presentations on the investment climates in Azerbaijan and Laos, highlighting key economic sectors and opportunities for entrepreneurs. Business-to-business (B2B) meetings were also arranged for attendees. Additionally, the Lao delegation explored the G2B and B2B services available at the Baku SME House.