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Vice President boosts Lao ties

Update: July, 18/2012 - 09:35

HA NOI — Viet Nam and Laos have agreed to further consolidate and strengthen their tradition of friendship, solidarity and comprehensive co-operation.

The pact was signed yesterday in Ha Noi by Vice President Nguyen Thi Doan and her Lao counterpart Bounnhang Vorachith, who is on an official visit until Friday.

The two sides agreed to continue increasing high-ranking visits and exchanges, promoting co-operation at State, local and business levels and raising public awareness of the history of special ties and the Viet Nam-Laos alliance from 1930 to 2007.

They would also jointly hold activities to mark Viet Nam-Laos Solidarity and Friendship Year 2012.

Both sides said they highly valued the close and effective co-operation between their respective ministries, departments and localities. Regarding national defence and security along their common borders, it was acknowledged that both nations had worked to build border areas of peace, stability and development.

Bilateral economic ties had deepened, with Viet Nam becoming the second largest investor in Laos with a total capital of US$3.57 billion.

The two leaders pledged to create favourable conditions to step up the progress and quality of projects in trade, investment, transport, agriculture, hydropower and mining towards bringing two-way trade to $2 billion by 2015. The two nations would also accelerate co-operation in education, healthcare, agriculture and rural development, infrastructure, tourism, culture and post and telecommunication.

Doan proposed the two sides promote co-operation in many fields, including scientific research and education to develop human resources for socio-economic development in each country.

While discussing regional and global issues of mutual concern, both leaders noted the bilateral co-operation in external affairs, sharing of information and the consultation that took place at UN forums and the ASEAN Inter Parliamentary Meeting, among others.

The sides agreed that Viet Nam would continue assisting Laos in holding major meetings this year, like the seventh Asia-Europe Parliamentary Partnership Meeting and the ninth Asia-Europe Meeting Summit. — VNS

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