Lao overseas missions tasked to source FDI, development funding

Saleumxay speaking with the Lao National Television and the Vientiane Times after delivering the Lao PDR statement at the Plenary Session of the LDC5 in Doha, Qatar on March 6. - VT

DOHA, Qatar (Vientiane Times/Asia News Network): The government will add new portfolios for Lao diplomats and Lao missions overseas, requiring them to play a greater role in sourcing Foreign Direct Investment (FDI) and expanding trade and economic cooperation with the international community, according to a senior cabinet member.

“The Ministry of Foreign Affairs is preparing and will propose a Prime Ministerial Decree on Economic Diplomacy soon”, Deputy Prime Minister Saleumxay Kommasith said on March 6, adding that the move is intended to give the foreign ministry more responsibility in generating FDI and development funding for Laos.