Vietnam, Laos to sign confidential information exchange agreement
Non-disclosure and extradition agreements are critical to the security of the two neighboring countries amid surging cross-border drug crimes.
Non-disclosure and extradition agreements are critical to the security of the two neighboring countries amid surging cross-border drug crimes.
Hanoi and Laos will strengthen cooperation in the fields of economy, culture, education, and tourism.
The special relationship has been built, nurtured, and preserved by generations of soldiers and people from the two countries.
The countries will support each other in protecting their sovereignty and territorial integrity and building an independent economy.
There should be special mechanisms for economic ties between the two countries.
Both countries continue to find new directions and financial sources for cooperation projects, especially strategic infrastructure ones to bolster economic connections.
The visit is set to strengthen cooperation in all fields between Vietnam and Laos in general, and Hanoi and Vientiane in particular.
Vietnam has earmarked millions of dollars in non-refundable aid for the two countries this year.
Laos remains the largest recipient of Vietnam’s outbound investment capital from a total of 78 countries and territories.
Over the past five years, Vietnamese investors have contributed more than US$1 billion to Lao state coffer and approximately $80 million to social welfare programs.
With Vietnam’s assistance, Laos will be able to develop the maritime economics of Southeast Asia’s only landlocked country.
The two countries will jointly hold activities to mark the 60th anniversary of diplomatic relations and the 45th anniversary of the Vietnam- Laos Treaty of Amity and Cooperation in 2022.
Both leaders agreed the strong cooperation between the two countries has brought substantial benefits for the people and, thus, they are committed to further nurturing this special relationship in the future.
Laos will reopen inbound tourism as soon as 50% of the country’s population is vaccinated.
Laos is one of the largest recipients of Vietnam’s Covid relief since the pandemic flared up in early 2020.
Trilateral cooperation has shown fruitful results in terms of politics and economics with increasing trading volume.
Hanoi will continue to contribute to bilateral relations and explore new fields to tap into the potential of each side.