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Monday, May 25 2020
Tiếng Việt
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Date 25/12/2019-08:41:00 AM
Promoting effective cooperation Cambodia - Laos - Vietnam Development Triangle Area
(MPI) - A Special Senior Officials’ Meeting (SOM) of the Cambodia-Laos-Vietnam Development Triangle Area (CLV) was held on December 24, 2019, in Salavan Province, Laos.
SOM Heads of three countries at the meeting. Photo: MPI

The Vietnam Delegation attending at the meeting was led by Deputy Minister of Planning and Investment Vu Dai Thang with representatives of Ministries of Planning and Investment, Foreign Affairs, Industry and Trade, Agriculture and Rural Development, Culture, Sports and Tourism; representatives of such provinces as Binh Phuoc, Gia Lai, Dak Lak, Dak Nong and Kon Tum and Vietnam Embassy to Laos.

The special SOM is to prepare a number of documents, contents, agendas and sideline activities for the 11th CLV Summit, scheduled to take place in Vientiane, Laos in March, 2020. It is also an important milestone to celebrate the 20th anniversary of the CLV Development Triangle Area cooperation mechanism.

Representatives at the meeting also spent time listening and discussing important reports such as: Report on the Draft Tourism Development Plan; Research Report on rubber industry development; Report assessing the implementation of the CLV Regional Socio-Economic Development Master Plan and planning for the 2021-2030 Period; Report on the preparation of programs and projects to implement the action plan to connect the three economies towards 2030; Report on developing an action plan to effectively implement the Trade Promotion and Facilitation Agreement for the CLV Area.

Speaking at the meeting, Deputy Minister Vu Dai Thang, Head of Vietnam’s SOM affirmed that, the development of the Development Triangle has achieved important results in many fields, politics - diplomacy, security - defense, socio-economic development, hunger eradication and poverty reduction with the cooperation efforts of the three countries over the past 20 years, which have contributed to narrowing the development gap with other regions in each country.

According to Deputy Minister Vu Dai Thang, many policies and mechanisms have been adopted and applied, the regional socio-economic planning has been developed and adjusted once, and a number of cooperation agreements on transport and trade have been signed since its establishment.
Photo: MPI

Currently, the regional economy is assessed by experts as having significant changes. Some localities have higher economic growth rates than the average of each country. The infrastructure system was initially formed and developed, especially in the fields of transportation, electricity, schools, etc.

Important transport axes in the Development Triangle Area have been upgraded and expanded. Many large hydroelectric projects have been constructed, and the electricity grid and distribution network has been expanded.

Investment and trade cooperation is promoted. Large investment projects have been implemented in the fields of hydropower, cooperation in searching, mining and processing minerals, planting and processing high value industrial crops. An open policy mechanism is being gradually created to promote investment and trade in the region.

Up to now, Vietnam has invested in 116 projects in the CLV Area of Laos and Cambodia. Among them there are 49 investment projects in the CLV Area of ​​Cambodia with total registered capital of 1.6 billion USD and 68 projects in the CLV Area of ​​Laos with total registered investment capital of 1.9 billion USD.

However, Deputy Minister Vu Dai Thang said that the cooperation process between the three countries had not really created a strong breakthrough in the socio-economic development of localities in the Region. It can be seen that the cooperation works on infrastructure development are still behind schedule and planning. Resources for development investment from each country are very limited, while external support is not large; trade and investment cooperation still has shortcomings; tax policies, investment procedures are not consistent, the infrastructure remains inconvenient, etc. Therefore, this meeting is responsible for reviewing the implementation of commitments proposed by the senior leaders of the three countries and prepare programs and contents for the upcoming 11th CLV Summit.

The SOM Heads of the three countries signed the Meeting Minutes at the end of the meeting, which is the basis for the implementation of related contents in the coming time./.

Ministry of Planning and Investment

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