The Siberian Association of International Cooperation from the Novosibirsk region of Russia plans to set up an office in Laos to improve business coordination and cooperation.
The plan was unveiled by the association’s President, Mr Pavel Ostroverhov, when he led business operators from Novosibirsk region for a meeting with Lao entrepreneurs in Vientiane last week.
Lao National Chamber of Commerce and Industry’s (LNCCI) Vice President, Mr Thanongsin Kanlagna warmly welcomed the move.
The objectives of the Russian delegation’s visit to Laos during June 11-16 were to hold consultations and exchange information with the Lao side about the development of hydropower projects, transmission lines, electricity distribution stations, and garbage management systems, using technology for cleaning cities and cooperation in IT, telecommunications and the internet.
The delegation was interested in crop plantations and breeding livestock in Laos, including the use of bio-fertilisers, rice supply, and corn and beans. The Russian side was also interested in providing equipment, machinery and technology for mining and construction and equipment for food production such as meat, poultry and fruits.
The visit provided an opportunity for Lao and Russia business operators to discuss ways and means for cooperation and partnerships.
The Siberian Association of International Cooperation delegation and local entrepreneurs and officials of the Lao National Chamber of Commerce and Industry agreed during their meetings to work together, but it was decided the Russian association must provide the necessary documentation at each stage.
The association’s proposal to establish an office in Laos could be implemented soon, provided it submits the necessary documents to the LNCCI or the Ministry of Industry and Commerce for consideration under an agreement with the Lao government.
Novosibirsk is the largest municipal entity in Russia and has the third highest population of all Russian cities.
Novosibirsk’s economy is based on the industrial, trade, services, transportation, construction, science, and scientific services sectors.
The city is undergoing successful development despite the absence of large resource-extraction enterprises in the region, making it unique among most large Siberian cities.
The Lao government is open to domestic and foreign investors operating businesses within the country to expand the economy and graduate from the least developed country status.
Russia is the 21nd largest foreign investor in Laos with a total of 23 projects worth US$ 40 million, mostly in energy, mining and telecommunications, according to the Ministry of Planning and Investment.
The value of imports from Russia in 2017 touched US$2.4 million, an increase of US$2.6 million over the past year.
Source: Vientiane Times
Share:
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
