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VN, Laos, Cambodia to beef up triangle economy

Update: November, 26/2014 - 08:51
From right: Prime Minister Nguyen Tan Dung, Laos PM Thongsing Thammavong and Cambodian PM Samdech Hun Sen at the 8th Cambodia-Laos-Viet Nam (CLV) Development Triangle Summit in Vientiane, Laos. — VNA/VNS Photo Duc Tam
VIENTIANE (VNS) — The Prime Ministers of Viet Nam, Laos and Cambodia, Nguyen Tan Dung, Thongsing Thammavong and Hun Sen, yesterday agreed to promote the development of rubber production within their borders.

They were co-chairing the eighth Cambodia-Laos-Viet Nam (CLV) Development Triangle Summit in Vientiane, Laos.

The meeting looked at the implementation of a revised master plan on socio-economic development in the CLV triangle area to 2020.

The group accepted a proposal by PM Dung's on upgrading CLV co-operation and assigning the joint co-ordinating committee to design a plan on economic connectivity for the three countries.

He called for concerted efforts to mobilise capital for projects in the master plan, speed up the construction of infrastructure facilities and fine-tune investment and trade policies.

Dung said the three countries should focus on implementing the master plan's targets, striving for an annual average GDP growth rate of 10 per cent and an annual per capita income of US$1,500-1,600 by 2015.

The Vietnamese PM said there was a need to continue simplifying investment procedures and improving tax policies.

He said this would help collaboration in the fields of transport, mineral exploitation, rubber and coffee planting and processing, power supply, telecommunications and tourism.

To facilitate goods exchange and travel, he also called for the early completion of an agreement on promoting and facilitating trade activities in the area, the upgrading of border-gates, the collaboration in implementing the one-stop-shop model at border gates, and on the implementation of the Cross Border Transport Agreement within the framework of the Greater Mekong Sub-region.

He noted that prioritised investment projects listed by the joint coordinating committee should focus on developing inter-regional transport and trade infrastructure and improving the quality of human resources.

He also suggested the three countries work together to map out a rubber industry development plan because this is where they had knowledge and strength.

Dung also said attention needed to be paid to protecting the environment, bettering education and training and ensuring social welfare for locals.

He also emphasised the need to attract further support from development partners, including Japan and South Korea and international financial organisations such as the World Bank and the Asian Development Bank.

The three countries should co-ordinate closely to create a common voice and take full advantage of the development triangle area's policies and economic scope.

The three leaders agreed to tell their agriculture ministries to complete the rubber industry development plan.

They were also unanimous in strengthening co-operation in security and diplomacy, especially in fighting drug and human trafficking and trans-border crimes, responding to infectious diseases and natural disasters, and clearing unexploded ordnance.

The PMs signed a joint statement on CLV development triangle area cooperation and agreed to organise the ninth summit in Cambodia in 2016.

Business priority

Prime Minister Nguyen Tan Dung and General Secretary of the Lao People's Revolutionary Party (LPRP) and President Choummaly Sayasone agreed yesterday that ideal conditions would be created for businesses of both countries to foster economic, trade and investment ties.

Meeting in Vientiane on the margins of the eighth Cambodia-Laos-Viet Nam Development Triangle Summit (CLV-8), the two leaders also said they would direct their ministries and localities to work closely and effectively realise all agreements reached between the two sides, mentioning in particular the 36th meeting of the Viet Nam-Laos Inter-Governmental Committee.

The leaders reached consensus on speeding up implementation of ODA-funded projects, strengthening co-operation in culture, education and training, science and technology, as well as expanding connections between the two countries' ministries and localities.

Dung congratulated Laos on the achievements it had made under the leadership of the LPRP, stating that the Party, Government and people of Viet Nam always stood side by side with their Lao brethren in the cause of building a wealthy and prosperous Laos.

President Choumaly Sayasone expressed his pleasure at the growth of special ties between the two Parties, States and people, especially the fruitful co-operation in economy, trade and investment.

During his stay in Vientiane, PM Dung also met the Vietnamese community there and affirmed that they were an indispensable part of the Vietnamese nation.

He called on the community to continue promoting the revolutionary tradition and contribute more to national development while acting as a bridge between Viet Nam and Laos. — VNS

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