Deputy PM Nguyen Xuan Phuc visits Laos

Deputy Prime Minister Nguyen Xuan Phuc is paying a working visit to Laos from December 9-10 at an invitation of his Lao counterpart Somsavat Lengsavad.
Deputy Prime Minister Nguyen Xuan Phuc is paying a working visit toLaos from December 9-10 at an invitation of his Lao counterpartSomsavat Lengsavad.

On December 9, he had ameeting with Lao Prime Minister Thongsing Thammavong, during which heaffirmed that Vietnam always treasures and gives the highest priority toconsolidating and developing the Vietnam-Laos traditional friendship,special solidarity and comprehensive cooperation.

Appreciating the outcomes of bilateral collaboration in all fields, heaffirmed Vietnam ’s wish to continue working with the Lao side toincrease the efficiency of cooperation, especially in economy, trade,investment, and education-training.

TheVietnamese official also asked for Laos’ support at regional andinternational forums and for Vietnam ’s stance in the East Seaissue.

The Lao Government leader expressed hisdelight at rapid growth of two-way trade and hailed Vietnam as one ofhis country’s leading investor with its commitment to increasingofficial development assistance (ODA) by 30 percent for Laos in2015.

He agreed to intensify collaboration in implementing joint projects on transport and energy.

Regarding the East Sea issue, PM Thongsing Thammavong reiteratedLaos’ stand of calling for concerned parties to solve disputes bypeaceful means in respect for international law, implement theDeclaration of the Conduct of Parties in the East Sea (DOC), and worktowards the conclusion of a Code of Conduct in the East Sea (COC).
On the same day, the Vietnamese Deputy PM held talks with hisLao counterpart, during which they reviewed the implementation ofseveral cooperation agreements.

The two sidesnoted with pleasure that visits and meetings by high-ranking delegationswere organised regularly while cooperation in economy, trade,investment, education, culture and science-technology saw positiveprogress.

In the first 10 months of 2014, two-way trade hit over 1 billion USD, up 34.5 percent against the same period last year.

Vietnam remained one of the two biggest investors in Laoswith a total registered capital of about 5 billion USD, of which 1billion USD was disbursed.

The two Deputy PMsspoke highly of the implementation of a master plan on increasing andupgrading the border marker system and a government-level agreement onaddressing illegal migration and illegitimate marriage in the sharedborder areas.

They agreed to officiallyimplement the one stop shop model at the Lao Bao-Densavan internationalborder gates from January 1, 2015.

They alsodiscussed and agreed on measures to prepare for the upcoming 37thmeeting of the inter-governmental committee, with the focus on speedingup key transport and energy projects and increasing the efficiency ofVietnam ’s investment projects in Laos and cooperation ineducation-training, security, defence, banking, telecommunications andfarm produce processing.

Both host and guestreached a consensus on accelerating negotiations on a new tradeagreement between the two countries and working with each other toeffectively carry out a cooperation strategy in Laos’ Houaphan andXiengkhouang provinces.-VNA

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