The consensus was reached during talks between Deputy Minister of Trade and Industry Nguyen Thanh Bien and his Lao counterpart, Khemmani Pholssena, in Vientiane on June 7.
The two sides also agreed that commodities originating from both countries will enjoy the same preferential import-export taxes next year as in 2010.
The two countries will coordinate in organising joint trade fairs in several northern and southern provinces in Laos and studying the possibility of signing a free trade area (FTA) agreement.
They will work together to research into plans for a Vietnam-Laos border market network and the building of the Tay Trang-Sop Hun and Bo Y-Phu Cua border trade areas.
The two sides pledged to continue cooperation in training and information exchange as well as coordinating mechanisms between their ministries and agencies in order to further the bilateral trade relations.
The Vietnamese delegation visited Laos from June 3-7 at the invitation of the Lao Ministry of Industry and Trade.
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