The 40th meeting of the Vietnam-Laos Inter-Governmental Committee was held in Vientiane on Monday to deepen ties between the two neighbors, the Vietnam News Agency reported. The event was co-chaired by Vietnamese Prime Minister Nguyen Xuan Phuc and his Laotian counterpart Thongloun Sisoulith, aimed at cementing the relationship between the two nations’ governments. Speaking at the gathering, PM Phuc stressed that Vietnam always focuses on boosting its partnership with Laos, and will exert every effort to enhance the ties in all fields. The two leaders expressed their satisfaction with the bilateral cooperation in 2017, stating that many agreements had been implemented efficiently. Collaboration in politics, external relations, defense, security, economy, culture, society, and people-to-people exchange was also expanded, they highlighted, adding that Vietnam is hosting over 14,000 Laotian students. Vietnamese enterprises have registered to invest in 411 projects worth about US$3.7 billion in Laos, 43 percent of which, equivalent to $1.6 billion, has been disbursed. Bilateral trade turnover hit over $935 million last year, up by nearly13.6 percent compared to 2016, which exceeded the original target. In 2018, both parties will focus on implementing the joint statement and agreements reached by senior leaders, as well as deals between ministries, sectors and localities, including those reached during this meeting. The premiers also consented on the goal to raise two-way trade value by 10 percent this year, along with enhancing ties in human resources, traffic infrastructure, and sustainable use of water and natural resources. They will also support and cooperate with each other… [Read full story]
The agreement was reached during talks in Hanoi on March 29 between Vice State President Nguyen Thi Doan and her visiting Lao counterpart Bounnhang Vorachit. Vice President Doan congratulated the Lao People’s Revolutionary Party (LPRP) (March 22) on its 55th founding anniversary, and extended best wishes on the occasion of the Lao traditional Tet, Bunpimay. She also praised the successful organisation of the 25th SEA Games, a major regional sporting event, which she said helped boost Lao prestige and position in the region and the world. They expressed their delight at the in-depth development of the special and comprehensive relationship…... [read more]
(VEN) - The cooperation sub-committees of Vietnam and Laos convened on August 12 to review their work and agreed upon operational plans for the remaining months of this year. The session was co-chaired by Nguyen Xuan Phuc, Vietnamese Deputy Prime Minister and Head of the Vietnam-Laos cooperation sub-committee, and Somsavad Lengsavath, Lao Deputy Prime Minister and Head of the Laos-Vietnam cooperation sub-committee. Vietnam has 435 investment projects worth US$5.2 billion in Laos, ranking second among 53 countries/territories investing in Laos. In the first half of this year alone, the government of Laos licensed four Vietnamese projects worth US$73 million. Notable…... [read more]
(VOVworld)-The Vietnam-Laos conference on economic and investment cooperation took place in Danang , Vietnam on Saturday. Lao Deputy Prime Minister and President of the Laos-Vietnam Cooperative Sub-committee, Somsavat Lengsavath and Vietnamese Deputy Prime Minister Nguyen Xuan Phuc, President of the Vietnam-Laos Cooperative Sub-committee chaired the event. Deputy Prime Minister Phuc highlighted the significance of the meeting as a good chance for the two sides to review recent economic and investment cooperation and devise measures to remove difficulties in the future:"The two countries' Ministries of Planning and Investment should help the two Governments to promote bilateral investment and work closely with…... [read more]
Vietnam, Laos create peaceful border Lam Dong fosters cooperative ties with Lao province Representatives from the two Ministries of Planning and Investment reported on Vietnamese business investment in Laos. By the end of May 2012, 214 projects have been granted licences to invest in Laos with a combined capitalization of US$3.45 billion. Vietnam ranks third among the 52 countries and territories investing in Laos and plans to raise their total investment capital to US$4.5-5 billion in the near future. Many projects have been put into operation which has contributed to socio-economic development in Laos and helped raise local people’s incomes.…... [read more]
The agreement was reached at the 34th session of the Vietnam-Laos Intergovernmental Committee for Economic, Cultural, Educational and Scientific and Technological Cooperation in Vientiane, Laos, from January 3-7. The meeting was co-chaired by Vietnamese Deputy Prime Minister Nguyen Xuan Phuc and his Lao counterpart Somsavath Lengsavad. Both sides agreed to popularize a project on the history of special Vietnam-Laos ties and the Vietnam-Laos combat alliance and continue to gather more evidence to complete the project. The two countries will increase the exchange of information and implement commitments within the multilateral cooperation framework, including ASEAN, the Greater Mekong Sub-Region (GMS) and…... [read more]
