- Governance

Laos, Vietnam review cooperation

The Laos-Vietnam Cooperation Committee and the Vietnam-Laos Cooperation Committee held on Jul 7 a video conference to review the implementation of the Laos-Vietnam agreement on cooperation plan in the first six months and plans for months to come.
Co-chaired by Mr. Khampheuy Keokinnaly, Vice President of the Lao-Vietnam Cooperation Committee and Mr. Nguyen Van Trung, Vice President of the Vietnam-Laos Cooperation Committee, the meeting was attended by more than 100 people representing concerned ministries, organizations and authorities of the two countries.
Both sides noted with satisfaction that the cooperation between the two countries on politics, public security and national defense have been maintained on a regular basis though the people to people exchange between the two countries is limited by Covid-19.
Both sides have completed two grant projects including the construction of a school of gifted students in Xieng Khuang’s Phonsavanh district, and the construction of a secondary school in Bounneua district, Phongsaly province. Other cooperation projects are being implemented.
The bilateral trade between the two countries for the first six months was estimated at US$491.7 million, a decline of 14.76% from the same period last year. Meanwhile many Vietnamese investment projects have been paused.
Both sides expressed their commitment to further implementing the agreements for 2020 the two governments have signed including those on the construction of the National Assembly, electricity purchase, the construction of Vientiane-Hanoi highway, the Lao-Vietnamese railway and Vung-ang ports 1,2,3, a potassium mining and processing project in Khammuan, and the Nongkhang airport in Huaphan. Both sides also discussed the 5-year Lao-Vietnamese cooperation agreement (2021-2025) and other key documents.

Source: Lao News Agency

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