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VN looks to bolster Cambodia, Laos ties

Update: November, 24/2014 - 09:22
Prime Minister Nguyen Tan Dung. — VNA/VNS Photo Duc Tam

HA NOI (VNS) — Prime Minister Nguyen Tan Dung will participate in the eighth Cambodia-Laos-Viet Nam Development Triangle Summit in Vientiane today.

The meeting aims to foster co-ordination on the countries' joint defence, security and socio-economic development programmes.

During the two day summit, Viet Nam is also looking forward to cementing the traditional friendship it has enjoyed with Laos and Cambodia.

The Development Triangle is an important cooperation mechanism that contributes to the maintenance of political security, stability and social safety in the three countries' bordering regions.

The area currently comprises 13 border provinces: Ratanakiri, Stung Treng, Mondulkiri and Kratie in Cambodia; Attapu, Salavan, Sekong and Champasak in Laos; and Kon Tum, Gia Lai, Dak Lak, Dak Nong and Binh Phuoc in Viet Nam.

The localities share similar socio-economic situations and development levels, with agriculture dominating their economic structures. Border gates set up between provinces have made it favourable for them to boost partnership and exchange.

Cambodian Prime Minister Hun Sen first raised the idea of establishing the Development Triangle in 1999 at the first senior meeting of the three countries' leaders.

In their second meeting in HCM City in 2002, the prime ministers confirmed their determination to develop the area, and defined it as one of their top priorities for collaboration.

The mechanism, along with simplified trade procedures, has helped expand trade among localities. The three countries' GDP has grown an average of 10 per cent annually and their annual per capita income reached US$1,340.

During the summit, the leaders will review a master plan for developing socio-economics in the area by 2020 and a memorandum of understanding on preferential policies for the region.

They will also evaluate possible difficulties to be faced and map out future opportunities for collaboration. — VNS

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