Hanoi, Vientiane expand business cooperation

Hanoi and Vientiane have signed cooperation documents within the framework of the working trip by Politburo member, Secretary of the Party Committee and head of the National Assembly deputies' delegation of Hanoi Dinh Tien Dung to the capital of Laos in mid-March.
Hanoi, Vientiane expand business cooperation ảnh 1At a conference to promote cooperation between businesses of Hanoi and Vientiane in Laos in March 2024. (Photo: VNA)
Hanoi (VNA) – Hanoi and Vientiane have signed cooperation documents within the framework of theworking trip by Politburo member, Secretary of the Party Committee and head of the National Assembly deputies' delegation of Hanoi Dinh Tien Dung to the capital of Laos in mid-March.

The Department of Information, Culture and Tourismof Vientiane and the Investment, Trade and Tourism Promotion Centre of Hanoi signeda memorandum of understanding (MoU) of friendship cooperation to research anddevelop a cooperative programme for tourism promotion activities, andregularly support businesses to connect and explore cooperationand business opportunities.

Hanoi’s association of artisansand skilled craftsmen also inked an MoUs on cooperation, and action programmes withassociations in Vientiane, including those of furniture, sculpture,bamboo and rattan, and jewellers.

Nguyen Anh Duong, Director of the Hanoi Investment, Trade and Tourism PromotionCentre, said these documents will serve as animportant basis and condition for businesses and associations to strengthencollaboration and production. Apart from training andimproving skills, the cooperation will also help businesses access markets,develop tourism, and consume typical products of the two capital cities.
According to the Hanoi People's Committee, Hanoi's export valueto Laos in 2023 hit 119.6 million USD.

The two localities have also arranged field surveys in areasgrowing agricultural raw materials and a number of handicraft production establishmentsin Vientiane, Luang Prabang province, and surrounding areas.

Nguyen Manh Quyen, Vice Chairman of the Hanoi People's Committee, said in 2024, municipal authorities will promote cooperation between Hanoiand Lao localities. The city will also continue to implement the MoU betweenthe Departments of Industry and Trade of Hanoi and Vientiane for the 2022 –2025 period, thus supporting cooperation of businesses tocooperate and develop.

Trade promotion activities will continue to be organised in Laos,thereby supporting products and businesses of both sides to develop together,and encouraging Hanoi businesses to invest and do business in Laos, especiallyin agriculture, and agricultural product processing.

Attention will be also paid to providing market information andexport policies for businesses exporting to the Lao market./.
VNA

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