Prime Minister Nguyen Xuan Phuc (R) and Lao Minister of Planning and Investment Suphan Keomisay. (Photo: VNA)

Hanoi (VNA) – The ministries of planning and investment of Vietnam and Laos should work to foster the two countries’ economic links in key sectors – trade, finance & banking, transportation and energy.

Prime Minister Nguyen Xuan Phuc made the statement at his reception for Lao Minister of Planning and Investment Suphan Keomisay in Hanoi on June 17.

Speaking at the meeting, Prime Minister Phuc reaffirmed that the Party, State and people of Vietnam treasure the traditional ties between the two nations that have been nurtured by Presidents Ho Chi Minh and Kaysone Phomvihane.

He praised the fruitful outcomes of the bilateral cooperation in multiple fields, including politics, defence-security, people-to-people exchange, economics, investment, and education and culture, in recent years.

He also thanked the Lao Government for offering incentive policies for Vietnamese investors in Laos and helping them resolve difficulties.

The Prime Minister stressed the important role the two ministries of planning and investment play in enhancing the bilateral partnership, suggesting they should exchange experience in policy making, macroeconomic stabilisation, inflation control and public investment management.

For his part, Minister Suphan Keomixay briefed his host on the outcomes of the talks with Vietnam’s Ministry of Planning and Investment, noting that the two sides have agreed to boost cooperation in multiple fields and work together to push ahead their investment projects.

The Lao minister said he hopes Prime Minister Phuc will continue facilitating the development of relations between the two ministries and countries.-VNA