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Laos, Vietnam sign eight cooperation agreements in Hanoi

The government of Laos and Vietnam signed eight cooperation documents in the fields of security, border control, economics, banking, education, healthcare and electricity during a meeting in Hanoi on Saturday.
Vietnam also pledged to provide 1 million doses of Covid-19 vaccine to bolster the Lao government’s response to the coronavirus outbreak.
The agreements were signed during an official visit to Vietnam by Prime Minister Phankham Viphavanh from January 8-10 in response to an invitation from his Vietnamese counterpart Phạm Minh Chinh.

The Lao premier is the first foreign leader to visit Vietnam this year, demonstrating the determination of both sides to strengthen the great friendship, special solidarity and comprehensive cooperation between the two countries.
Mr Phankham, accompanied by high-ranking officials, arrived in Hanoi on Saturday where the group was warmly welcomed by Vietnamese leaders.
A meeting between the two sides took place shortly after the official welcoming ceremony.
The two Prime Ministers held a press conference and launched the Vietnam - Laos, Laos - Vietnam Solidarity and Friendship Year in Hanoi on Saturday.
The two sides agreed to jointly celebrate the 60th anniversary of their diplomatic ties and the 45th year since the signing of the Vietnam-Laos Treaty of Amity and Cooperation, with events planned to mark these important anniversaries this year.  This will ensure that younger generations in Laos and Vietnam understand the significance of and continue to strengthen the special ties between the two nations.
 The two prime ministers spoke highly of the growing cooperation between Laos and Vietnam and the progress made in implementing cooperation projects agreed to by the two countries.
Despite the Covid-19 pandemic, Laos and Vietnam have continued to broaden collaboration in all areas, notably in relation to economics, trade, investment, technology, education and socio-cultural matters.
The two sides agreed to arrange more reciprocal visits by high-ranking delegations and to effectively implement the agreements made between them.
According to a Vietnam News report, the two sides discussed measures aimed at raising the level of the pillar of economic cooperation to match the bilateral special relationship, and agreed to boost connectivity between their two economies, especially through road, rail, aviation and seaport projects.
Mr Phankham thanked Vietnam for its continued assistance to Laos despite ongoing challenges. For instance, Vietnam has provided medical equipment and medical experts to help Laos’ battle against Covid-19.
Vietnam also financed construction of the new National Assembly building in Laos at a cost of more than US$111 million.
Vietnam is a major foreign investor and a key trading partner of Laos. As of December 2020, Vietnam’s total investment in Laos stood at US$4.1 billion.
According to the Vietnam News Agency, the value of two-way trade between Laos and Vietnam in the first five months of 2021 exceeded US$570 million, a year-on-year rise of 25 percent.
During his visit, Mr Phankham called on Party General Secretary Nguyen Phu Trọng and President Nguyen Xuan Phuc and met with Chairman of the National Assembly Vuong Dinh Hue to further discuss cooperation.


By Times Reporters
(Latest Update January 10, 2021)


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