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Official Gazette

Sunday, October 22, 2017

Prime Minister proposes CLMV cooperation in raising competitiveness

Updated: 11:35’ - 24/06/2015

Initiatives proposed by Prime Minister Nguyen Tan Dung at the seventh Cambodia-Laos-Myanmar-Vietnam (CLMV) Summit and the sixth Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit, held in Nay Pyi Taw, Myanmar, were welcomed by member states.

During the CLMV Summit on June 22, the Vietnamese Prime Minister and leaders of Cambodia, Laos and Myanmar reiterated their commitment to foster the traditional relationship, neighborliness and cooperation for mutual interest.

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Leaders of the member states at the CMVL Summit__Photo: Duc Tam/VNA

They adopted an action plan in economics and trade to facilitate trade and investment. Accordingly, participating countries will apply the one-stop-shop model at international border gates, utilize the potential of transnational economic corridors, and develop policies to promote investment in agriculture, industry and energy.

Dung reiterated the Vietnamese Government’s commitments to CLMV cooperation and hoped the four countries would further work together to successfully realize cooperation programs for the sake of the region.

At the end of the summit, leaders adopted a joint statement and agreed to organize the eighth CLMV Summit in Vietnam in 2016.

At the ACMECS Summit on June 23, the leaders of the four countries approved a 2016-18 action plan to raise the competitiveness of ACMECS economies toward transforming the group into a leading investment and tourism destination, especially in border areas, and maximizing growth opportunities generated by the ASEAN Economic Community and free trade agreements.

They also defined eight priority cooperation areas, including trade-investment, agriculture, industry-energy, transport, human resources development, tourism, healthcare and environmental protection.-

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