Vietnam-Laos relations progress
(VOV) - The time-honoured relationship between Vietnam and Laos has been nurtured and consistently developed over the generations, said Lao State President and Party General Secretary Chummaly Saynhasone.
The Lao leader made the remark while receiving outgoing Vietnam Ambassador Ta Minh Chau in Vientiane on November 27.
He praised Chau for his great efforts in strengthening bilateral ties during his term there.
The Vietnamese diplomat was presented with the Lao Labour Order, first class, in recognition of his contributions to deepening the two countries’ friendship, special solidarity and comprehensive cooperation.
Ambassador Chau said that in recent years, Vietnam and Laos have experienced solid development across various fields, including politics, economics, culture, education, and national security and defence.
To date, Vietnam has invested nearly US$5 billion in more than 400 projects in Laos, ranking third amongst Laos’ three largest foreign investors.
Two-way trade turnover is expected to reach nearly US$1 billion in 2012.