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VN, Laos plan to exchange economic know-how

Update: January, 09/2014 - 09:19
Laos seeks to learn about creating regulations and agencies, as well as economic management, from Viet Nam's Ministry of Finance, according to Lao Deputy Prime Minister Somsavat Lengsavad.— VNS Photo

HA NOI (VNS)  — Laos seeks to learn about creating regulations and agencies, as well as economic management, from Viet Nam's Ministry of Finance, according to Lao Deputy Prime Minister Somsavat Lengsavad.

Lengsavad made the request at a meeting with Minister of Finance Dinh Tien Dung in Ha Noi yesterday, seeking to exchange experience in curbing inflation and ensuring the public's welfare.

Minister Dung said Viet Nam is targeting Gross Domestic Product (GDP) growth of 5.8 percent this year, along with a 10 per cent increase in export turnovers.

Lengsavad, also Chairman of the Laos-Viet Nam Cooperation Sub-committee, said Viet Nam's experience in economic policies will be of great use for Laos as it works to manage its finances.— VNS

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