(KPL) The Government of Japan announced the foreign recipients of the 2019 Spring Imperial Decorations including Mr. Somdy Douangdy, Deputy Prime Minister and Minister of Finance of the Lao PDR.
Mr. Somdy will be awarded the Grand Cordon of the Order of the Rising Sun in recognition of his significant contributions to strengthening economic relations between Japan and the Lao PDR.
The awarding ceremony will be held at the residence of the Ambassador of Japan to the Lao PDR, in Vientiane in the near future.
Mr. Somdy Douangdy, Deputy Prime Minister and Minister of Finance, was born in Savannakhet Province in 1952.
He earned his master’s degrees in the Soviet Union and France before returning to the Lao PDR to contribute to the fields of economics and investment.
His many achievements have led him to serve in numerous high-level positions, most notably, Minister of Planning and Investment from 2012 to 2016, and subsequently Deputy Prime Minister and Minister of Finance since 2016.
During his tenure as Minister of Planning and Investment, Mr. Somdy Douangdy made invaluable contributions to improving the business environment and promoting direct investment from Japanese companies in the Lao PDR, especially as co-chair of the meeting “Lao–Japan Public and Private Sectors Joint Dialogue” (Lao–Japan PPSJD).
After being appointed as Minister of Finance he also has taken a leading role in the field of macroeconomics, and fiscal stabilisation.