Vietnam, Laos promote friendly relations

Update: 11:00 | 02/01/2020
At the invitation of PM Nguyen Xuan Phuc, PM of Laos Thongloun Sisoulith will lead a high-ranking delegation to attend the 42th meeting of the Vietnam-Laos Inter-Governmental Committee from January 2-4, 2020. 
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Vietnamese Prime Minister Nguyen Xuan Phuc and his Lao counterpart Thongloun Sisoulith.

Via the organization of the meeting, the two Governments expected to reaffirm their foreign priorities including unceasingly developing the great friendship, special solidarity, and comprehensive cooperation; strengthening political trust; promoting the implementation of high-ranking agreements; and promoting ties in the coming time.

Developing cooperative fields

Statistics showed that two-way trade turnover reached US$ 940 billion in the first ten months of 2019 and was estimated at US$ 1.1-1.2 billion for the whole year, representing a year-on-year growth of 12.6%, outstripping the preset goal of US$ 1 billion and 10% growth rate.

So far, Vietnamese enterprises had 413 FDI projects in Laos with a total investment of US$ 4.22 billion, making Vietnam the third largest investor in the neighboring country.

Vietnam provided VND 3.2 trillion of non-refundable aid for Laos in the 2016-2020 period.

Vietnam also provided 1,000 scholarships for overseas Lao students.

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(Source: VGP)