Vietnam laos

There should be special mechanisms for economic ties between the two countries. The governments of Vietnam and Laos are closely working on the construction of the Hanoi-Vientiane expressway project that will facilitate sea access to land-locked Laos. Chairman of Vietnam’s National Assembly Vuong Dinh Hue speaks with Vietnamese businesses in Laos on May 15. Photos: Quochoi The information was released by Chairman Vuong Dinh Hue of Vietnam’s National Assembly who is on his three-day visit to Lao starting on May 15. Hanoi-Vientiane expressway, which is being built with funding from Japan, will enable Laos to access the sea in Vung Ang Seaport, Vietnam’s central province of Ha Tinh. Launched in 2016, the 725-km project, with an estimated investment of US$4.5 billion, is expected to boost economic connectivity between the two countries and Thailand’s northeast. Hue said the two countries' economic ties need to be boosted to become commensurate to the strong … [Read more...] about Vietnam, Laos boost construction of road linking two capital cities

Iron and steel are among Vietnam's major export items to Laos. (Photo: VNA) Hanoi (VNA) – Since the establishment of their bilateral diplomatic ties in 1962, Vietnam and Laos have promoted cooperation across spheres, with their trade exchange posting substantial growth, benefiting both countries. During the 2016-2020 period, the two-way trade saw stable expansion and reached the target of over 1 billion USD, but then suffered from the impact of the COVID-19 pandemic and natural disasters. The Asia-Pacific Market Department at the Vietnamese Ministry of Industry and Trade (MoIT) said that the bilateral trade exceeded 1 billion USD in 2020, down 11.5 percent year-on-year, of which Vietnam’s exports were worth 571.7 million USD, down 18.5 percent. However, the bilateral trade bounced back since early 2021, surging 33.3 percent to 1.37 billion USD for the year, with Vietnam’s export revenue reaching 594.7 million USD, a rise of 4 percent from 2020, and its import hitting … [Read more...] about Vietnam-Laos trade ties growing sustainably

At the talks (Photo: VNA) Vientiane (VNA) - Chairman of the National Assembly (NA)’s Committee for Foreign Affairs Vu Hai Ha held talks with his Lao counterpart Sanya Praseuth on May 16, in the framework of NA Chairman Vuong Dinh Hue’s official visit to Laos. Vietnam-Laos relations have become more practical, notably with a workshop presided over by the NA Chairmen which shared experience in policy mechanisms for socio-economic recovery and development in the post-pandemic period. They vowed to support each other at the ASEAN Inter-Parliamentary Assembly (AIPA), the Inter-Parliamentary Union (IPU) and the ASEAN Peoples' Forum (APF), and more; and bolster consultations on regional and international issues of mutual concern. Asia-Pacific region. VNA … [Read more...] about NA Committees for Foreign Affairs of Vietnam, Laos strengthen cooperation

National Assembly Chairman Vương Đình Huệ (right) receives the Lao Minister of Science and Technology, who is also President of the Laos-Vietnam Friendship Association, in Vientiane on Tuesday. — VNA/VNS Photo VIENTIANE — National Assembly Chairman Vương Đình Huệ commended the Laos-Vietnam Friendship Association for its contributions to the friendship and special solidarity between the two countries during a reception for its President Boviengkham Vongdara in Vientiane on Tuesday. Huệ described people-to-people diplomacy as an important diplomatic channel between Việt Nam and Laos, in which associations played a significant role. The top legislator noted that the two sides should further educate their people, especially young generations, about the relations and the need to preserve and promote the rare relationship. He asked Boviengkham Vongdara, the Lao Minister of Science and Technology, to continue supporting the Vietnamese community in Laos and more than 200 Vietnamese … [Read more...] about People-to-people diplomacy important to Vietnam-Laos relations

National Assembly Chairman Vuong Dinh Hue (right) and President of the Laos-Vietnam Friendship Association Boviengkham Vongdara (Photo: VNA) Vientiane (VNA) – National Assembly Chairman Vuong Dinh Hue commended the Laos-Vietnam Friendship Association for its contributions to the friendship and special solidarity between the two countries, during a reception for its President Boviengkham Vongdara in Vientiane on May 17. Hue described people-to-people diplomacy as an important diplomatic channel between Vietnam and Laos, in which associations play a significant role. The two sides should further educate their peoples, especially young generations, about the relations and the need to preserve and promote the rare relationship, the top legislator stressed. He asked Boviengkham Vongdara, who is also Lao Minister of Science and Technology, to continue supporting the Vietnamese community in Laos and more than 200 Vietnam ese businesses operating in the neighbouring … [Read more...] about People-to-people diplomacy important to Vietnam-Laos relations: NA Chairman

In a meeting with the Vietnamese community and businesses in Laos, per invitation of President of the Laotian National Assembly Saysomphone Phomvihane, various representatives said they wish for the Vietnamese government to continue actualizing policies so that commerce between the two countries could prosper. They also proposed for both Vietnam and Laos to foster labor cooperation and increase the number of yearly scholarships so Vietnamese nationals in Laos could go to Vietnam to study and receive medical diagnoses. Hue said Vietnam always encourages and provides opportunities for people to return to their country and invest in businesses. Vietnam also has support measures for the community in Laos to be "legally stable", as well as to preserve Vietnamese cultural characteristics. Labor cooperation between the two countries should be looked into, as many Vietnamese businesses in Laos currently lack workers, Hue said. He also requested Vietnam localities to provide scholarships … [Read more...] about NA chairman calls for labor cooperation between Vietnam, Laos

National Assembly Chairman Vuong Dinh Hue (Photo: VNA) Hanoi (VNA) – National Assembly Chairman Vuong Dinh Hue and a high-ranking delegation of the Vietnamese legislature left Hanoi on May 15 morning for a three-day official visit to Laos. The visit is being made at the invitation of President of the Lao National Assembly Xaysomphone Phomvihane. This is the first official visit to Laos by a senior leader of Vietnam in the Laos - Vietnam Solidarity and Friendship Year 2022, and also the first by Hue as Chairman of the Vietnamese NA. Hue is also the first foreign parliamentary leader to visit Laos since the country’s 11th National Party Congress and the 9th-tenure NA’s first session. Hue is being accompanied by NA Vice Chairman Nguyen Duc Hai; NA Secretary General and Head of the NA Office Bui Van Cuong; Chairman of the NA Committee for External Relations Vu Hai Ha; Chairman of the NA Council for Ethnic Affairs Y Thanh Ha Nie K'dam; Chairman of the NA Economic … [Read more...] about NA Chairman leaves Hanoi for official visit to Laos

At the meeting, Duong Dinh Bang, Interim Chairman of the Vietnamese Business Association for Cooperation and Investment in Laos, said the Lao Government is amending legal regulations so as to improve the investment climate. Besides, many agreements between the two countries have also created an optimal legal corridor for Vietnamese firms’ investment in Laos. However, he admitted that investment relations still fall short of expectations and have yet to match the political and diplomatic ties. Representatives of the Vietnamese enterprises submitted several proposals to Lao and Vietnamese authorities so as to help facilitate bilateral investment and trade partnerships. Appreciating the companies’ opinions, Lao Deputy Prime Minister Sonexay Siphandone said Vietnam is currently the third biggest foreign investor in his country with total investment of 4.6 billion USD, and that Vietnamese firms’ projects have been greatly helping with local socio-economic development. For his part, … [Read more...] about Businesses urged to help make breakthroughs in Vietnam – Laos economic ties

During the 2016-2020 period, the two-way trade saw stable expansion and reached the target of over 1 billion USD, but then suffered from the impact of the COVID-19 pandemic and natural disasters. The Asia-Pacific Market Department at the Vietnamese Ministry of Industry and Trade (MoIT) said that the bilateral trade exceeded 1 billion USD in 2020, down 11.5 percent year-on-year, of which Vietnam’s exports were worth 571.7 million USD, down 18.5 percent. However, the bilateral trade bounced back since early 2021, surging 33.3 percent to 1.37 billion USD for the year, with Vietnam’s export revenue reaching 594.7 million USD, a rise of 4 percent from 2020, and its import hitting 778.2 million USD, up 69.8 percent. The results are attributable to the political resolve by Vietnamese and Lao leaders and the drastic management of competent agencies to remove obstacles facing businesses of the two countries and create optimal conditions for them to quickly adapt to the new situation. In … [Read more...] about Vietnam – Laos trade ties growing sustainably

National Assembly Chairman Vuong Dinh Hue and his host counterpart Saysomphone Phomvihan on May 16 held  talks. (Photo: VNA) Hanoi (VNA) - National Assembly Chairman Vuong Dinh Hue and his host counterpart Saysomphone Phomvihan on May 16 held  talks following an official welcome ceremony for the former. Hue is now in Laos on an official visit. The Lao leader spoke highly of the significance of the visit, the first by a key Vietnamese leader to Laos in the " Year of Solidarity and Friendship " between Viethnam and Laos. The year 2022 marks the 60th anniversary of the establishment of diplomatic relations between the two countries and the 45th anniversary of the signing of the Vietnam-Laos Treaty of Friendship and Cooperation. This is also the highest-level delegation of a foreign National Assembly to visit Laos since the success of the 11th Congress of the Lao People's Revolutionary Party and the beginning of the 9th National Assembly term of Laos. For his part, … [Read more...] about NA leader holds talks with Lao counterpart