Laos, Vietnam discuss future cooperation measures

(VOV) -Deputy Prime Minister Nguyen Xuan Phuc and his Lao counterpart Somsavat Lengsavad worked on measures to optimize cooperation contents for 2016-2020 during their talks in Hanoi on December 6.

They reviewed the results achieved in the period 2011 – 2015, agreeing that the two countries’ traditional friendship, special solidarity and comprehensive cooperation have grown steadily while 
political ties have constantly strengthened

They also highlighted the efficiency of annual meetings between the two countries’ Political Bureaus and the Intergovernmental Committee. 

The two countries have worked closely in defence and security and in building their shared border of peace and comprehensive development as a contribution to ensuring political stability and social order, host and guest stressed.

Vietnam has so far licensed 258 projects investing in Laos with a combined capital of roughly US$5.36 billion.  Trade volume has increased after both nations signed a new bilateral trade pact, a border trade agreement and are working on a master border trade development plan.

They inked a memorandum of understanding (MoU) on a transport cooperation strategy for 2016-2025 with a vision for 2030.  In addition, priorities have been given to cooperation in education and human resources development.

The officials underlined the need for the two countries to enhance political relations for 2016-2020 and delegation exchange at all levels learn and resolve problems arising during the implementation of cooperation agreements.

Vietnam will support Laos during its ASEAN Chairmanship in 2016 as well as work together with the neighbor closely at multilateral frameworks, especially in the formation of the ASEAN Community on December 31, 2015, Phuc told his guest.

The two countries will reinforce security and defence affiliation to ensure their political stability, internal security and social order; accelerate key projects to be implemented in shared border; and work harder to deal with cross-border trafficking of drugs. 

They will continue supervising Vietnam-invested projects in Laos along with deploying reached agreements on border trade and the memorandum of understanding on transport, and stepping up cooperation in agriculture and rural development, education, human resources development, personnel training, and information sharing.

The talks were part of efforts to prepare a report of the Vietnam-Laos Intergovernmental Committee for submission to the annual meeting of the two countries’ Political Bureaus and the 38th session of the Vietnam-Lao Intergovernmental Committee.