Vientiane: The 1st Congress of the Party Cell of the Committee for Investment Promotion and Management (CIPM) was convened on August 31, 2026, under the leadership of Mrs. Phonevanh Outhavong, Secretary of the CIPM Party Committee.
According to Lao News Agency, the congress was attended by Mr. Saleumxay Kommasith, a Politburo Member of the Central Committee of the Lao People’s Revolutionary Party, Deputy Prime Minister, and Chairman of the CIPM. The event also saw participation from full and alternate members of the Party Central Committee, senior leaders from various ministries, and members of the party cells under the CIPM.
During the congress, Mrs. Phonevanh Outhavong presented the draft political report from the Executive Committee of the CIPM. Following this, Mr. Vanthana Norintha, Deputy Secretary of the CIPM Party Committee, introduced the draft development programme for the investment promotion and management sector.
The delegates engaged in a collective review and discussion of the draft political
report and the sector’s development programme. They assessed various aspects such as strengths, weaknesses, shortcomings, root causes, and lessons learned in leadership and guidance over recent years. The congress concluded with the formal adoption of the political report and the 5-year investment sector development programme, which will serve as a foundational guideline for the CIPM Party Cell’s activities over the next five years.
In his address, Mr. Saleumxay Kommasith commended the success of the congress and urged the CIPM Party Committee to prioritize political and ideological education for party members and officials. He emphasized the importance of responsibility, decisiveness, and proactive approaches in implementing strategic plans into practical actions.
Mr. Kommasith highlighted the necessity of ensuring that the National Socio-Economic Development Plan achieves its targets, thereby positioning the committee as a strong advisory body to the Government in the macro-management of investment promot
ion and management. He also stressed the improvement of future plan formulations to enhance realism and scientific grounding, promoting investment reforms in both public and private sectors. He pointed out the importance of prioritizing urgent, high-utility projects that provide societal benefits, economic efficiency, and rapid, tangible results, while avoiding inefficient and prolonged projects.