Lao PM applauds partnerships between Vietnamese, Lao ministries

Minister of Industry and Trade Nguyen Hong Dien paid a courtesy call to Lao Prime Minister Phankham Viphavanh in Vientiane on April 11, part of his working trip to Laos to co-chair the border trade development cooperation conference.
Lao PM applauds partnerships between Vietnamese, Lao ministries ảnh 1The meeting between Minister of Industry and Trade Nguyen Hong Dien and Lao Prime Minister Phankham Viphavanh in Vientiane on April 11 (Photo: VNA)
Vientiane (VNA) –Minister of Industry and Trade Nguyen Hong Dien paid a courtesy call to LaoPrime Minister Phankham Viphavanh in Vientiane on April 11, part of his workingtrip to Laos to co-chair the border trade development cooperation conference.

Dien said as the global andregional economies are facing numerous difficulties which may negatively impactthe Vietnamese and Lao economies, the two countries should become moreinter-connected and assist each other to jointly overcome adversities anddevelop.

He noted his working visit toLaos aim to implement the cooperation activities in trade, industry, and energyagreed on by the countries’ leaders.

Apart from co-chairing the 12th Vietnam - Laos border trade development cooperation conference, he had talks withthe Lao minister of industry and trade and minister of energy and mines so asto boost bilateral relations in these fields. Dien also chaired the Vietnam - Laosbusiness forum to grasp enterprises’ demand for investment and business partnerships,remove bottlenecks, accelerate Vietnamese-invested power plant projects inLaos, and enhance ties in mineral mining so as to keep material supply chains uninterrupted.

The Vietnamese official reported on those events’ outcomes and proposed some orientations for bilateralcooperation in trade, energy, and mining in the time ahead.

Highly valuing the Vietnameseministry’ ties with the Lao ministry of industry and trade and ministry ofenergy and mines, PM Viphavanh affirmed that the Lao Party, State, Government,and people always give the highest priority to enhancing the great friendship, specialsolidarity, and comprehensive cooperation with Vietnam. He appreciated theVietnamese Party, State, Government, and people’s cooperation with and precioussupport for his country throughout history.

He asked the three ministriesto actively share information and experience while devising solutions to the difficultiesfacing the countries’ businesses in order to promote partnerships in trade,energy, and mining.

At the meeting, Dien and theministers of the two Lao ministries affirmed their determination to step up cooperationprogrammes and plans under their Governments’ orientations and commitments,thereby achieving positive results in trade, energy, and mining relations in2022, when Vietnam and Laos mark 60 years since the establishment of their diplomatic ties (September 5, 1962) and 45 years since the signing of their friendshipand cooperation treaty (July 18, 1977)./.
VNA

See more

Illustrative image (Photo: VNA)

Exporters diversify orders to reduce reliance on single market

Facing the risks posed by trade barriers and potential reciprocal tariffs from the US, many businesses have proactively shifted their market strategies, stepped up trade promotion, and diversified their orders to reduce reliance on a single market.

A customer buys petrol at a station in Hanoi. (Photo: VNA)

Government proposes 2-pp VAT reduction on select goods and services until 2026

A 2-percentage-point reduction in the value-added tax (VAT) for goods and services will lead to a decrease in state revenue by approximately 121.74 trillion VND (over 4.69 billion USD) over the proposed period. This includes an estimated 39.54 trillion VND in the second half of 2025 and 82.2 trillion VND in 2026.

Illustrative photo (Photo: VNA)

Petrol prices up in latest adjustment

E5 RON92 petrol is now capped at 19,180 VND (0.74 USD) per litre, up 403 VND from the previous adjustment, while RON95-III petrol costs 19,594 VND per litre, up 415 VND.

Delegates at the groundbreaking ceremony. (Photo: VNA)

Ba Ria-Vung Tau: New phase of luxury resort project kicks off

The nearly 1 billion USD subdivision includes a system of 5-star hotels, resort villas, entertainment facilities, a casino, and an international convention and exhibition centre, with more than 6,000 rooms, serving over 18,000 guests at the same time.

As of the end of March, nearly two million households and individual business owners nationwide were still paying taxes under the lump-sum method. (Photo: VNA)

Abolishing presumptive tax ensures greater fairness and transparency: experts

Under the Politburo's Resolution 68-NQ/TW, the presumptive tax model is to be completely phased out by 2026. The goal is to narrow the financial and accounting gap between household businesses and micro or small enterprises, and to gradually transition household businesses into entities with proper governance structures.

The 2025 Vietnam International Electronics and Smart Appliances Expo (IEAE) will be held in HCM City from May 29 to 31. (Illustrative photo: ieae.com.vn)

HCM City to host int'l electronics, smart appliances expo

Spanning over 10,000 s.q.m, the exhibition will gather more than 350 enterprises from Vietnam and China. It will showcase a wide range of products across the consumer electronics and smart home appliance sectors, offering direct access to manufacturers and promoting trade links.

A wide range of Chinese products are on display at the China Homelife Vietnam 2025 being held at the Saigon Exhibition and Convention Centre from May 14 to 16. (Photo: VNA)

China Homelife exhibition opens in HCM City

A highlight of the event is the VIP Buyer Programme, tailored exclusively for strategic buyers and senior executives, which offers priority access to exhibitors, personalised matchmaking services, private meeting spaces, and premium networking areas.

Visitors at the exhibition (Photo: VNA)

Nearly 900 enterprises join Vietbuild Da Nang 2025

Running from May 14 to 18, Vietbuild Da Nang 2025 serves as a platform to showcase new products, cutting-edge technologies, and international brands in the construction, building materials, real estate, and décor industries.