Laos, Malaysia to promote human resource development
Laos, Malaysia to promote human resource development
Malaysian and Lao business associations plan to collaborate in human resources and skilled labour development which is a big challenge facing Lao companies as the country moves towards regional integration in 2015.
Members of the Malaysian Exporters Association (MEXPA) and the Young Entrepreneur Association of Laos (YEAL) signed a cooperation agreement on the plan a few weeks ago.
MEXPA's and YEAL's members are vocational training centres or school operators in the two countries.
“This cooperation means that we are focusing on human resources and skilled labour development,” the YEAL president, Ms Valy Vetsapong, said on Friday.
“The agreement between the two vocational training centres or schools is to exchange the trainees of the two countries,” she said in an interview at a workshop on ‘Preparation of Lao SMEs towards Asean Economic Community (AEC) in Vientiane'.
Human resou rces and skilled labour continue to pose problems for business operators, and are issues that have yet to be solved. With the AEC set to come into force in 2015, it is a pr oblem that needs to be overcome quickly.
YEAL wants all concerned state and private sectors to help their colleagues in production and processing to find a solution to these problems.
The cooperation between the two vocational training centres or schools stems from a memorandum of understanding (MOU) signed at the end of May by MEXPA and YEAL that planned to collaborate in promoting trade and investment and to further enhance and strengthen ties for the mutual benefit of the two countries.
The MOU is a framework agreement to drive trade and investment between the two nations to greater heights.
Since the MOU the two associations have contacted each other and plan to set up a forum in Malaysia soon, intended to be a business matching meeting.
“The forum concept is now under consideration but we do not yet know when it will take place,” Ms Valy said.
The concept is to provide a platform for businesses in the two countries to start to cooperate with each other, share experiences and give each other new ideas.
“Follow ing this, the forum will be switched to Laos,” she said.
Lao businesses in the provinces are also interested in the project because they expect to get new ideas and technology that are necessary to improve their production capability and business operation development.
“If they continue to use old technology it will be difficult for them to give added value to their products. So the two associations' cooperation is a way of helping them to adjust the production and operation of their businesses,” she said.
When the AEC comes into being in 2015 it will create a single market and production base, a highly competitive economic region of equitable economic development, and a region that occupies a significant place within the global economy.
vientiane times
