Prime Minister Nguyen Tan Dung and his Lao counterpart Thongsing Thammavong on September 14 discussed measures to step up cooperation on transport and trade.
The discussion was made during Dung’s visit to Laos on September 13-14.
PM Nguyen Tan Dung and his Lao counterpart Thongsing Thammavong witness the signing of a governmental MoU on strategic cooperation on transport._Photo: Duc Tam/VNA
The two prime ministers agreed to maintain and promote mutual trust in their political partnership and exchange of high-level delegations, and give top priority to the development of relations between the two countries.
They decided to work together to implement a new trade agreement and the agreement on cross-border trade of goods and services while striving to increase bilateral trade to USD 2 billion in 2015.
The leaders affirmed their support for Vietnamese and Lao enterprises that operate investment projects in their respective countries, particularly the construction of bonded warehouses and oil pipelines from Hon La port in Vietnam’s Quang Binh province to the Lao province of Khammouane.
Transport connections would also be improved with the construction of a highway connecting Vientiane - Pac San (Laos) with Thanh Thuy - Hanoi (Vietnam) and the route from Phuthitphong in Luang Prabang province to Naxon, bordering Dien Bien Dong district in Vietnam’s northern province of Dien Bien.
Addressing the ceremony to launch the project to exploit and process potash salt in Khammouane province, the Lao Prime Minister said the project would help both sides further their bilateral cooperation on economy, trade, investment, labor and technology.
“Vietnam’s investment projects in Laos are not simply economic activities for mutual benefits, but this shows the country’s wish to make active contributions to socio-economic development of Laos,” Dung said.
After the talks, the two prime ministers witnessed the signing of a governmental Memorandum of Understanding on strategic cooperation on transport during 2016-25, with a vision toward 2030.-