Laos

Prime Minister Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA) Hanoi (VNA) – Trade cooperation was a spotlight of the Vietnam-Laos relationship in the first ten months of this year, with revenue reaching 940 million USD. The figure was unveiled at a meeting of permanent Cabinet members in Hanoi on December 7 under the chair of Prime Minister Nguyen Xuan Phuc. The two-way trade is projected to hit 1.1-1.2 billion USD in 2019, up 12.6 percent year-on-year, surpassing the targets of 1 billion USD and 10 percent set by the Government. Vietnam has become the third biggest investor in Laos with 413 projects valued at 4.22 billion USD, with the most outstanding a joint venture of Viettel Military Industry and Telecoms Group (Viettel), projects of Vietnam Rubber Group, Muong Thanh Hotel, Crow Plaza, LaoViet Bank and Xekaman 1 hydropower plant. Besides, Vietnam has committed to providing 3.25 trillion VND (139.8 million USD) in non-refundable aid for Laos during the 2016-2020 … [Read more...] about Vietnam-Laos trade hits 940 million USD in ten months

The figure was unveiled at a meeting of permanent Cabinet members in Hanoi on December 7 under the chair of Prime Minister Nguyen Xuan Phuc. The two-way trade is projected to hit US$1.1-1.2 billion in 2019, up 12.6 percent year-on-year, surpassing the targets of US$1 billion and 10 percent set by the Government. Vietnam has become the third biggest investor in Laos with 413 projects valued at US$4.22 billion, with the most outstanding a joint venture of Viettel Military Industry and Telecoms Group (Viettel), projects of Vietnam Rubber Group, Muong Thanh Hotel, Crow Plaza, LaoViet Bank and Xekaman 1 hydropower plant. Besides, Vietnam has committed to providing VND3.25 trillion (US$139.8 million) in non-refundable aid for Laos during the 2016-2020 period, including VND707 billion in the 2019 fiscal year, up 18.4 percent against the previous year, aiming to help the neighbouring country implement projects on infrastructure, especially transport, energy, personnel training and social … [Read more...] about Vietnam-Laos trade hits US$940 million in ten months

The website noted that the beautiful man-made rice terraces in Lao Cai help supply the most staple food item for Vietnamese people: rice. It also explained that rice  grain requires a flat surface and lots of water to grow, which isn’t typical in the country, so people had  to improvise and figure out an alternate way to grow their food. “Their endeavours resulted in a beautiful coloured landscape”, says TheRichest. Rounding out  the list of top 10 are Geiranger Fjord of Norway, Maldives, Salar de Uyuni of Bolivia, Yosemite National Park of the US, Midway Island of Haiwaii, Pamukale of Turkey, Meteora of Greece, Zhangye Danxia  Landform of China, and Fiorland of New Zealand. … [Read more...] about Lao Cai ranked in top 10 world’s most beautiful places

The government's Standing Committee on promoting cooperation with Laos approved the increase at a meeting on Saturday.  With the country expected to suffer from power shortages from 2020, the electricity import from Laos is expected to increase beyond 5,000 MW in the next 10 years. The Ministry of Industry and Trade has estimated there will be a shortage of 3.7 billion kWh in 2021, which will peak at around 15 billion kWh in 2023 before halving each year and falling to 3.5 billion kWh in 2025. Since the country could save at most 5-8 percent of electricity, the only short-term solution to offset the increasing shortage is importing more from Laos, ministry officials said.  For a long-term solution, they stressed the need to speed up work on major power projects. The World Bank has estimated that with electricity demand growing by 8 percent a year Vietnam needs $150 billion for its energy sector by 2030. … [Read more...] about Vietnam to import more electricity from Laos

At the signing ceremony between the two youth unions (Photo: VNA) Thanh Hoa (VNA) – The youth unions of the central province of Thanh Hoa and Houaphanh province of Laos have agreed to step up collaboration from 2019-2022 under a recently-signed agreement. Accordingly, the Ho Chi Minh Communist Youth Union of Thanh Hoa province and the Lao People’s Revolutionary Youth Union of Houaphanh province will enhance teaching for youths of both sides about the traditional Vietnam – Laos friendship and the special ties between their people and the youth unions. They will hold experience sharing seminars on youth activities as well as organise a wide range of charitable campaigns. They will also work to create favourable conditions for young business associations to boost cooperation and investment in each locality, and hold a conference to review their cooperation every three years. At the signing ceremony, Vice Chairman of the provincial People’s Committee Mai Xuan … [Read more...] about Thanh Hoa, Lao province promote youth cooperation