Vietnam always gives the highest priority to fostering its specialties with Laos and is willing to share socio-economic developmentexperience with the neighbour.
Deputy PrimeMinister Nguyen Xuan Phuc made the statement while meeting with his Laocounterpart Bunpon Buttavong in Hanoi on October 7.
Both host and guest noted with pleasure that the two countries’ministries and localities have coordinated closely to realise theconclusion of the 36th meeting of the Inter-Governmental Committee andprepare for the 37 th session.
They also lauded new progress in bilateral partnership, especially in economy, trade and investment.
Bunpon Buttavong thanked the Party, State and people of Vietnamfor their practical and effective support over the past years, pledgingevery effort to bolster the Laos-Vietnam relations.
He also expressed hope that the two countries will exchange theirexperience in socio-economic management and development more frequently,while directing ministries, localities and enterprises to work closertogether to implement reached agreements effectively.
The same day, the Lao Deputy PM had a meeting with State Bank ofVietnam Governor Nguyen Van Binh who shared his experience in handlingissues related to inflation control, currency market stabilisation,banking restructuring and equitisation, and bad debt settlement.
Bunpon Buttavong spoke highly of the role that Vietnamese enterprisesas well as the Association of Vietnamese Investors in Laos (AVIL) andthe Bank for Investment and Development of Vietnam (BIDV) play in theeconomic development of Laos.
According to TranBac Ha, Chairman of BIDV Board of Directors and AVIL Chairman, tradebetween Vietnam and Laos reached 939 million USD in the first ninemonths of this year, a 45 percent rise year-on-year.
Of the total, Vietnam’s export was 298 million USD, mostly fromiron and steel, fuel, transport vehicles and accessories.
Meanwhile, statistics from the Ministry of Planning and Investment,Vietnam has 413 valid projects in Laos with a total investment of about 5billion USD, ranking second among countries and territories investingto Laos after China.-VNA
Deputy PrimeMinister Nguyen Xuan Phuc made the statement while meeting with his Laocounterpart Bunpon Buttavong in Hanoi on October 7.
Both host and guest noted with pleasure that the two countries’ministries and localities have coordinated closely to realise theconclusion of the 36th meeting of the Inter-Governmental Committee andprepare for the 37 th session.
They also lauded new progress in bilateral partnership, especially in economy, trade and investment.
Bunpon Buttavong thanked the Party, State and people of Vietnamfor their practical and effective support over the past years, pledgingevery effort to bolster the Laos-Vietnam relations.
He also expressed hope that the two countries will exchange theirexperience in socio-economic management and development more frequently,while directing ministries, localities and enterprises to work closertogether to implement reached agreements effectively.
The same day, the Lao Deputy PM had a meeting with State Bank ofVietnam Governor Nguyen Van Binh who shared his experience in handlingissues related to inflation control, currency market stabilisation,banking restructuring and equitisation, and bad debt settlement.
Bunpon Buttavong spoke highly of the role that Vietnamese enterprisesas well as the Association of Vietnamese Investors in Laos (AVIL) andthe Bank for Investment and Development of Vietnam (BIDV) play in theeconomic development of Laos.
According to TranBac Ha, Chairman of BIDV Board of Directors and AVIL Chairman, tradebetween Vietnam and Laos reached 939 million USD in the first ninemonths of this year, a 45 percent rise year-on-year.
Of the total, Vietnam’s export was 298 million USD, mostly fromiron and steel, fuel, transport vehicles and accessories.
Meanwhile, statistics from the Ministry of Planning and Investment,Vietnam has 413 valid projects in Laos with a total investment of about 5billion USD, ranking second among countries and territories investingto Laos after China.-VNA
