Logo of Phnom Penh Post newspaper Phnom Penh Post - Co-op in planning investment helps boost Laos-Vietnam ties

Co-op in planning investment helps boost Laos-Vietnam ties

Content image - Phnom Penh Post
Wood chíps loaded at Vung Anh Port in the central province of Ha Tinh. HAIQUANONLINE.COM.VN

Co-op in planning investment helps boost Laos-Vietnam ties

Results of cooperation between the Ministries of Planning and Investment, as well as the Cooperation Committees of Laos and Vietnam in recent years have made important contributions to the development of the two countries’ relations, Lao Minister of Planning and Investment Khamjane Vongxa said on May 13.

In an interview granted to the media of both countries, Minister Khamjane stated that 2022 is a year of great historical significance when the Lao People’s Revolutionary Party, along with Laos’ army and people are coordinating with the Vietnamese side in carrying out many practical activities to celebrate the Laos-Vietnam Friendship and Solidarity Year marking 60 years of the establishment of diplomatic relations and 45 years of the signing of the Treaty on Amity and Cooperation between the two countries.

In 2021, despite complicated developments in the regional and world situations, the bilateral great friendship, special solidarity and comprehensive cooperation were enhanced.

This year, the two sides continue to strengthen and improve the effectiveness of cooperation mechanisms; implement joint statements, bilateral cooperation agreements and documents as well as the outcomes of visits and meetings between their leaders in appropriate forms; coordinate and effectively organise activities on the occasion of the Friendship and Solidarity Year 2022; and pay attention to preventing drug, human trafficking and smuggling crimes and illegal exploitation of natural resources, he said.

Regarding economic cooperation, the minister stated that Vietnam had to date invested in 417 projects worth $4.3 billion, ranking third out of 54 nations and territories pouring capital into Laos.

Last year, two-way trade hit $1.37 billion, up 33.3 per cent year-on-year. They are striving to increase the turnover by 10-15 per cent this year.

The two countries are also making efforts to promote connectivity between the two economies, including hard and soft infrastructure, especially road, railway, airport and seaport projects such as Nongkhang Airport, Vung Ang 1,2,3 wharves, Laos-Vietnam railway and Hanoi-Vientiane expressway.



  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Pursat Ford assembly plant opens

    The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • $50B infrastructure plan en route

    The government’s upcoming $50 billion,10-year infrastructure master plan will provide tremendous investment opportunities for domestic and foreign entities, transport experts and economists say. Minister of Public Works and Transport Sun Chanthol revealed the plan to Japanese ambassador to Cambodia Masahiro Mikami on June 15. At

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro