Vietnam’s investment flows into Laos face multiple challenges but promising outlook is still ahead, said an article of the Laos-Viet magazine on December 19.
PM Nguyen Xuan Phuc (R) and his Lao counterpart Thongloun Sisoulith (Photo: baochinhphu.vn)
Vientiane (VNA) – Vietnam’s investment flows into Laos face multiple challengesbut promising outlook is still ahead, said an article of the Laos-Viet magazineon December 19.
The magazinequoted a representative of the Laos-Vietnam cooperation committee at the recent conference of Laos’ planning and investment sectoras saying that despite a slowdown in recent years, Vietnam remainsLaos’ important partner in the future.
A number ofVietnam’s major projects in Laos, such as Nong Khang International Airport inHouaphanh, are expected to complete this year though financial problems haveaffected their progress.
At theconference, the Lao government emphasised the importance of relations with Vietnam while representativesof all governmentaldepartments and agencies said to boost bilateral trade and investment, the twocountries must further develop their comprehensive partnership, particularly in politics.
They alsosuggested the two sides pay more heed to education and healthcare.
Vietnam andLaos need to focus more on implementing agreements for cooperation inconstruction and transport, and accelerating development projects in hydropower, expressway,grid connection and cross-border electricity trade.
Laos wants Vietnam to provide more financial and technical support to improvethe effectiveness of joint projects, notably strategic projects in Houaphanh,Xiangkhouang and Xaisomboun.
The Laogovernment also hopes Vietnam will offer over 1,200 scholarships to Laostudents and governmental officials and provide Laos about 900 billion VND, or 40 million USD, in financialaid in the next year./.
Deputy Prime Minister Truong Hoa Binh held talks with his Lao counterpart Bounthong Chitmany and met with National Assembly Chairwoman Pany Yathotou on December 10 as part of his official visit to Laos.
The Defence Minister of Laos, General Chansamone Chanyalath, has hailed the role in and contributions of Vietnamese volunteer soldiers and military experts to Laos’s cause of national liberation and construction.
Officials of Quang Tri province and two Lao provinces of Savannakhet and Salavan have reached agreement on measures to curb spontaneous migration and undocumented marriages among residents living along the Vietnam-Laos border.
Prime Minister Nguyen Xuan Phuc received Cambodian Deputy Prime Minister and Minister of National Defence Tea Banh, and Lao Minister of National Defence Chansamone Channhalat in Hanoi on December 19.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
PM Nguyen Xuan Phuc (R) and his Lao counterpart Thongloun Sisoulith
