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Bodies review Laos co-operation

Update: August, 13/2012 - 09:37

VIENTIANE — The co-operation sub-committees of Viet Nam and Laos convened at a mid-term meeting in Luang Prabang, Laos, from August 6-12 to review the two countries' co-operation during the first six months of this year.

The session on August 12 was attended by Nguyen Xuan Phuc, Deputy Prime Minister and Head of the Viet Nam-Laos co-operation sub-committee, and Somsavad Lengsavath, Deputy Prime Minister and Head of the Laos-Viet Nam sub-committee.

The two sides highly valued the close co-operation between agencies and local governments at all levels in organising activities to celebrate the Viet Nam-Laos Friendship Year.

They also noted expanding co-operation in defence and security, education and human resource training, as well as the smooth co-ordination between the two countries at multi-lateral forums.

Regarding economic ties, by June this year, Vietnamese businesses had invested in 435 projects worth US$5.2 billion in Laos.

Import-export turnover between the two countries reached almost $466 million in the period from January to June, an increase of 33 percent year on year. The figure is expected to reach $1 billion for 2012.

In the remaining months of this year, the two sides plan to organise negotiation teams for a new agreement on investment encouragement and protection. The two countries will also continue to effectively carry out bilateral trade development for the 2008-15 period.

At the meeting, the two Deputy Prime Ministers witnessed the signing of the meeting's minute, an agreement on pilot implementation of Vietnamese Government-financed projects, and a deal on exploring lead and zinc ores in Xieng Khouang.

As part of his visit to Laos, Deputy Prime Minister Nguyen Xuan Phuc took a tour of the Luong Prabang Senior High School, a gift from former Vietnamese Party General Secretary Nong Duc Manh to Luang Prabang Province.

Work on the school started last November and is expected to be completed this December to mark the Viet Nam-Laos Friendship Year 2012.

Phuc also visited the Royal Palace and Phanom village, which specialises in producing traditional brocade and silver products. — VNS

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