Singapore Trains Lao Officials on Attracting FDIs
The Singapore Ministry of Foreign Affairs funded the “Advanced Course on Attracting Foreign Direct Investments (FDIs)” for 18 Lao government officials from October 24 to 28. The course, which was held at the Lao-Singapore Training Centre, was conducted by Mr. Chan Wei Siang of International Business Dynamics Pte Ltd.
Through a combination of lectures, case studies and scenario planning, the course sought to share Singapore’s experience in attracting FDIs to help participants to build a framework for policies to promote FDI inflows and develop identified industries. Topics covered included understanding investors’ needs and thinking, the role of institutions in FDI promotion and the development of cluster strategies and industry ecosystems.
The course was conducted pursuant to the Initiative for ASEAN Integration (IAI). Under the IAI, Singapore conducts 25 to 30 courses per year at the Lao-Singapore Training Centre focusing on areas of public governance, finance, urban management, hospitality and tourism, civil aviation, as well as IT skills and the English language. About 600 Lao officials are trained each year and more than 12,000 Lao government officials have benefited from the Ministry’s various training programmes under the Singapore Cooperation Programme since 1993.