Mr. Phet Phompipak, Minister of Planning and Funding, Chairman of the Laos-Vietnam Cooperation Committee, along with Mr. Nguyen Chi Dung, Minister of Planning and Investments, Chairman of the Vietnam-Laos Cooperation Committee, attended the press convention on the success of the forty seventh Assembly of the 2025 Bilateral Cooperation Committee between the Authorities of the Lao PDR and the Authorities of the Republic of Vietnam, on January 9, 2025 in Vientiane. .
On this event, Mr. Phet Phompi Pak mentioned: At this assembly, the 2 sides appreciated the outcomes of the implementation of varied agreements and cooperation between Laos and Vietnam over the previous yr, which has introduced actual advantages to the individuals of Laos and Vietnam, brothers, which may be summarized in some excellent elements, corresponding to: political and international cooperation relations proceed to be robust, secure, multifaceted, constructing mutual belief at a excessive degree, there are visits between senior leaders and All common ranges are a stable basis for the particular relations between the 2 nations in different areas, supporting the framework of the ASEAN Group, multilateral assembly platforms within the area and internationally.
Cooperation in nationwide protection, peace safety: proceed to be successfully enhanced and shut and well timed, trusting one another.
Financial cooperation: The 2 sides have made efforts to implement the agreements of the 2 political departments.
Commerce: Laos-Vietnam commerce worth is estimated to achieve the goal set within the forty sixth assembly; In 2024, it reached 2.2 billion {dollars}, a rise of 34% in comparison with 2023.
When it comes to funding: In 2024, the Lao authorities has allowed Vietnamese enterprises to spend money on 12 tasks and the 2 sides have tried, collectively to discover a mechanism, a means out to assist one another in selling the cooperation-investment of the 2 nations to be extra handy and versatile. Probably the most distinguished is the funding within the subject of wind energy, corresponding to: Herongshen wind energy, Savan 1 wind energy undertaking has been inspired to implement effectively.
Transportation connection: The 2 sides have paid consideration to coordinate and encourage the related events of the 2 sides to collectively develop numerous infrastructures to facilitate the transportation of products between the 2 nations in addition to between the nations within the area, corresponding to: 1). Vung Ang Port Challenge 1, 2 and three; Laos-Vietnam railway undertaking and Vientiane-Hanoi freeway undertaking.
Cultural-social cooperation: has grown to a depth that has created situations for the youth, who’re the way forward for the Lao-Vietnamese nation, to be taught and perceive the particular bond between Lao-Vietnamese brothers. The 2 sides reaffirmed that within the coming new decade, the 2 sides will deal with elevating the standard of the collection of Lao college students to review within the Republic of Vietnam to attain a brand new high quality. In 2025, the Vietnamese authorities has continued to supply 1,160 funds for the development of workers, college students, and Lao college students to review within the Republic of Vietnam.
Mr. Phet Phompipak additional mentioned that: On this assembly, the 2 Prime Ministers of Laos and Vietnam witnessed the signing and handing over of 4 cooperation paperwork, together with the minutes of the forty seventh assembly, the cooperation plan settlement between the 2 governments of Laos and Vietnam for the yr 2025, the cooperation plan between the Ministry of Training and Sports activities of Laos and the Ministry of Training and Growth of Vietnam, and most significantly, this time there was the signing of an settlement on the acquisition of Promoting electrical energy and coal between the 2 events collectively.
Supply: VSL
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