(MPI) - The 44th Session of Vietnam - Laos Inter-Governmental Committee on Bilateral Cooperation took place successfully, bringing a new momentum to promote cooperation between the two countries, contributing to fostering the great friendship relationship of Vietnam-Laos, Laos-Vietnam for an evermore sustainable future.
Vietnamese Minister of Planning and Investment, Chairman of the Vietnam-Laos Cooperation Committee Nguyen Chi Dung (R) and Lao Deputy Prime Minister and Minister of Planning and Investment, Chairman of the Laos-Vietnam Cooperation Committee Sonexay Siphandone. Photo: MPI
On this occasion, Vietnamese Prime Minister Pham Minh Chinh and his Lao counterpart Phankham Viphavanh witnessed the signing and exchange of some cooperation documents between ministries, agencies and enterprises of the two nations.
At the end of the Session, a press conference was co-chaired by Nguyen Chi Dung, Vietnamese Minister of Planning and Investment, Chairman of the Vietnam-Laos Cooperation Committee and Sonexay Siphandone, Lao Deputy Prime Minister and Minister of Planning and Investment, Chairman of the Laos-Vietnam Cooperation Committee.
According to Minister Nguyen Chi Dung, during the 44th session, conclusions from the two Politburos have been added on an agreed and concretised basis into the Agreement on Cooperation Plan between the two countries for 2022, which shall be immediately implement since the beginning of this year so as to accelerate their bond on all fields, including politics, external affairs, national defence and security, investment and trade.
The contents and orientations exchanged at the 44th Session are of great significance in concretizing high-level cooperation agreements. These would create more favorable conditions for the two countries’ ministries, sectors, localities and enterprises in implementing cooperation activities, towards the successful implementation of the 2022 cooperation plan.
The two sides agreed on some concrete contents at the Session. Regarding the relationship between Vietnam-Laos, both expressed the appreciation to the results of their comprehensive cooperation in 2021. Cooperation in politics, external affairs, national defence and security, economy, culture, society, people-to-people exchanges are increasingly deepened and enhanced. Two-way trade was estimated at USD 1.3 billion last year, up 30.3 percent year-on-year. The Vietnamese firms have contributed more than 1 billion USD to the Lao State budget over the past five years.
Regarding the next move for cooperation direction, both confirmed to focus on the strong implementation of Joint Statements. Agreements are also reached to boost relations of politics, diplomacy, national defence and security, investment, and trade, striving to increase two-way turnover in 2022 by 10 percent compared to 2021.
The two countries will organise the Vietnam-Laos Solidarity and Friendship Year 2022, and mark the 60th anniversary of the bilateral diplomatic ties and the 45th anniversary of the signing of the Laos-Vietnam Treaty of Friendship and Cooperation. Ministries, sectors and localities of both countries are as well encouraged to expand their relations and support each other.
Immediately after the session, the Vietnamese Government will direct ministries, sectors, localities, businesses and related agencies to closely coordinate with the Lao side to materialise the commitments reached at the Session. The Government will also create the best possible conditions for Vietnamese businesses operating in the Lao market.
The bilateral political relations are shown to be continuously strengthened, proving their exceptional confidence and solidarity, as stated by Sonexay Siphandone, Lao Deputy Prime Minister and Minister of Planning and Investment, Chairman of the Laos-Vietnam Cooperation Committee.
Regarding economic cooperation, the two sides will continue to prioritise and promote investment projects and encourage Vietnamese private enterprises to invest more in Laos. Flights will soon be reopened to create favorable conditions for people and businesses to travel, which helps promote trade, investment and tourism.
Both sides shared the belief that the outcomes of the 44th session and its signed documents will be instrumental in strengthening the already significant friendship, special solidarity and comprehensive partnership even more in the next decade, enabling a new driving force, leading the cooperation into a more realistic and effective scenario for the practical interests of the Vietnamese and Lao people./.
Signed cooperation documents at the 44th session of the Vietnam-Laos Inter-Governmental Committee
1, The agreement on cooperation plan between Vietnam-Laos for 2022;
2, The meeting minutes of the 44th session of the Vietnam-Laos Inter-Governmental Committee;
3, The agreement on the implementation of an agricultural production zoning project in Xaisomboun province between the Vietnamese Ministry of Agriculture and Rural Development and the Lao Ministry of Agriculture and Forestry;
4, The agreement on the implementation of a construction project of a high school for ethnic minorities in Khammuane province between the People's Committee of Quang Binh province and the Lao Ministry of Education and Sports;
5, The agreement on the implementation of a construction project of the Radio and Television Station in Houaphanh province;
6, The agreement on the implementation of a construction project of the National Academy of Politics and Administration in Southern Laos in Champasak province between the Ho Chi Minh National Academy of Politics and the Lao National Institute of Administration and Politics;
7, The agreement on the implementation of a construction project of the Lao-Vietnamese Youth Training and Retraining Center between the Central Ho Chi Minh Communist Youth Union and the Central Lao People's Revolutionary Youth Union;
8, The agreement on the implementation of a construction project of the Center for Science Research and Training at Lao National University between Vietnam National University and the Lao Ministry of Education and Sports.
9, The commitment agreement between three Vietnamese and Lao shareholders regarding the increase of the Lao Government’s stake in the Laos-Vietnam International Port JSC from 20 percent to 60 percent of charter capital.
Ministry of Planning and Investment