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Laos, Vietnam vow to cement ties

Vice President Phankham Viphavanh and his visiting Vietnamese counterpart Dang Thi Ngoc Thinh yesterday agreed to work together to deepen the friendly relations, special solidarity and comprehensive cooperation between the two neighbours.
Ms Dang and her delegation arrived in Vientiane yesterday for a four-day official visit to Laos from June 19-22 at the invitation of Mr Phankham, the Lao Ministry of Foreign Affairs said in a press statement.

During their bilateral talks, the leaders agreed to educate their Party cadres, officials and peoples, especially the younger generation, to fully grasp the tradition of special solidarity between Laos and Vietnam.
The two sides pledged to intensify cooperation in maintaining security along their shared border, to prevent transnational crime, human trafficking and the cross-border transport of drugs as well as illicit trade.
They also agreed to increase cooperation in preventing the illegal exploitation and excavation of natural resources along the border, striving to create a shared border of peace, friendship and development.
The two vice presidents reached consensus on jointly addressing the problem of unregulated settlements and undocumented marriages among their citizens living in border areas.
In addition, the leaders underlined the need to work together to regulate itinerant workers in line with an agreement signed by both sides.
Great importance would be placed on following up and ensuring that Vietnamese enterprises doing business in Laos were operating smoothly.
The leaders agreed to push for the fulfilment of investment projects in Laos for which sectors from both sides had signed agreements.
They vowed to work hand in hand to increase the value of bilateral trade to meet agreed targets.
The governments of the two countries have agreed to strive for bilateral import-export turnover of US$3 billion by 2020, up from the US$1.26 billion recorded in 2015.
It was reported in December last year that Laos had licensed 423 projects invested in by Vietnamese firms with a value of more than US$5 billion, putting Vietnam among the top three foreign investors in Laos.
Vietnamese investment is mostly in the fields of hydropower, mining, transport, industrial tree plantations, and services.
The two vice presidents briefed each other on economic developments in their respective countries and shared views on regional and international issues of mutual interest.
Mr Phankham said he highly valued the visit by Ms Dang, adding that it contributed significantly to further enhancing the friendly relations, special solidarity and comprehensive cooperation between the Parties, states and peoples of Laos and Vietnam.
Representing the Lao leadership, the vice president expressed heartfelt gratitude to the Party, State and people of Vietnam for the assistance they have extended to Laos.
Ms Dang expressed heartfelt thanks to the Party, government and people of Laos for the warmest hospitality extended to her delegation.
On the same day, Ms Dang and her delegation called on President Bounnhang Vorachit and Prime Minister Thongloun Sisoulith.
The leaders said they highly valued the friendly relations, special solidarity and comprehensive cooperation between the two Parties, states and peoples of Laos and Vietnam. They agreed to work together to further enhance their special ties.


By Times Reporters
(Latest Update
June 20,
2018

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