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Laos to host ASEAN business, investment summit to boost regional economic integration

VIENTIANE (XINHUA) – Laos will host the annual ASEAN Business and Investment Summit (ABIS) 2024 while chairing ASEAN to boost regional business and investment integration and networking with dialogue partners.

ASEAN member state representatives and dialogue partners will participate in the summit, scheduled to take place in Vientiane from October 8 to 11, the local Pasaxon newspaper reported yesterday.

The ABIS 2024 will be a platform to discuss and formalise the landscape for regional business and investment integration amid challenges posed by global economic instability.

The summit will initially prioritise discussions for trade and investments in ASEAN, economic integration and logistics links within the grouping, digital transformation, and the ASEAN clean energy transition that is focused on alternative energy from solar and wind power.

The ABIS 2024 is expected to strengthen economic ties, increase intra-ASEAN trade and investments, enhance public-private partnerships to address regional economic challenges, and produce actionable insights for sustainable development and digital transformation within the bloc.

PHOTO: XINHUA
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