WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Nov 25, 2014 / 12:02

Vietnam and Laos will cooperate closely in trading

Prime Minister Nguyen Tan Dung and his Lao counterpart Thongsing Thammavong agreed to conclude negotiations on the signing of a new bilateral trade agreement, which forms the legal framework for achieving the two countries’ goal of US$2 billion in trade by 2015.

The agreement is part of efforts to strengthen economic, trade and investment ties, as declared by the two leaders on the sidelines of the eighth Summit of the Cambodia-Laos-Vietnam Development Triangle in Vientiane, Laos on November 24. 

 
Prime Minister Nguyen Tan Dung and Prime Minister of Laos Thongsinh Thammavong
Prime Minister Nguyen Tan Dung and Prime Minister of Laos Thongsinh Thammavong

Thammavong thanked Vietnam for its annual provision of official development assistance as well as scholarships for Lao students. 

The Vietnamese PM suggested Laos offer all comprehensive support to the Vietnamese community living in the country. 

Both host and guest spoke highly of the outcomes of the 36th conference of the Vietnam-Laos Inter-governmental Committee in Vientiane, and consented to actively prepare for the 37th conference scheduled for early next year.

Discussing regional issues of shared concern, they promised to work together closely in the Association of Southeast Asian Nations and other regional and sub-regional mechanisms.