A delegation from the Vietnam National Chemical Group (Vinachem) visited Laos from May 26-29 to accelerate a potassium salt mining and processing plant in the central province of Khammouane, a flagship project symbolising the deepening partnership between the two nations.
Highlighting Laos's vast potential for trade and investment cooperation, Lao Prime Minister Sonexay Siphandone said that Laos is an attractive investment destination, particularly in agriculture, tourism, logistics, and infrastructure development.
He reaffirmed Laos as a key investment destination for Vietnamese and global firms, highlighting opportunities in agriculture, tourism, logistics, and infrastructure.
A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./
The Monsoon – Thanh My 500kV transmission line project is designed to import electricity from Laos’ Monsoon wind power plant to Vietnam, adding 600 MW to the national power grid during the 2024–2025 period.
The central banks of Vietnam and Laos have recently launched a bilateral retail payment service using QR codes, enabling seamless cross-border transactions between the two countries.
Prime Minister Pham Minh Chinh’s working trip to visit Laos and co-chair the 47th meeting of the Vietnam-Laos Inter-Governmental Committee is expected to help create a breakthrough in the two countries’ economic, trade and investment cooperation.
Star Telecom (Unitel), a joint venture between the Military Industry and Telecoms Group (Viettel) of Vietnam and Lao Asia Telecom, has become an outstanding model for the economic cooperation between Vietnam and Laos after 15 years of operation in Laos.
A large number of Vietnamese, Lao, and Thai enterprises and visitors joined a food festival, product exhibition, and distribution event in Laos’s Khammouane from November 13-17.
A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).
The central province of Quang Tri is developing its infrastructure to facilitate coal transport from Laos via La Lay International Border Gate in A Ngo commune of Dakrong district.
The Vietnamese Business Association in Laos (AVILA) held a get-together in Vientiane on October 13 to mark the 20th anniversary of the Vietnam Entrepreneurs' Day and honour Vietnamese businesses’ contributions for the socio-economic development of Vietnam and Laos and cooperation between the two countries.
Efforts have been made to finish the 220kV Nam Sum – Nong Cong transmission line project in October to facilitate electricity imports from Laos to Vietnam to meet the rising demand in northern provinces.
Vietnamese Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan on September 18 suggested further strengthening cooperation among Cambodia, Laos, Myanmar, and Vietnam (CLMV) to resolve any trade obstacles and barriers, and facilitate trade activities, especially in e-commerce, towards stepping up trade cooperation among the countries.
Minister of Planning and Investment Nguyen Chi Dung has said that Vietnam will provide the best possible conditions for enterprises to carry out projects in Laos and request the Lao side to support and facilitate the project implementation.
Secretary of the Party Committee of the central city of Da Nang Nguyen Van Quang on September 6 had a meeting with a delegation of the Lao National Assembly (NA) led by its Vice Chairman Sommad Pholsena.
Minister of Industry and Trade Nguyen Hong Dien chaired a working session with energy and mineral enterprises in Hanoi on August 27 to discuss the promotion of coal trading with Laos.
The State Bank of Vietnam and the Bank of Laos have jointly organised a conference to share experience in promoting the use of respective domestic currencies in bilateral trade and investment cooperation activities to prevent external risks.
Vietnam and Laos will boost coordination among and promote their relevant ministries, sectors, localities and agencies to well perform the cooperation plan between the two countries for 2024.
The Vietnam - Laos Trade Fair 2024 (VIETLAO EXPO), the largest annual trade promotion event co-hosted by the two countries’ Ministries of Industry and Trade, is being held in Vientiane from July 25 to 29.
As one of the top three foreign investors in Laos, Vietnam has funneled nearly 5.5 billion USD into 240 projects in the country so far, contributing greatly to the local socio-economic development.
Head of the Lao People’s Revolutionary Party (LPRP) Central Committee's Inspection Commission and the Central Anti-Corruption Commission of Laos and President of the Lao State Inspection Authority Khamphan Phommathat held separate working sessions in Hanoi on June 4 with leaders of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and the Viettel Military Industry and Telecoms Group (Viettel).
A trade fair to promote trade, investment, and tourism in Vietnam, Laos, Cambodia, and Thailand opened in Champasak province of Laos on April 10 as part of the trade, investment and tourism promotion forum in the Lao locality.
