Laos speeds up implementation of seaport agreement with Vietnam hinh anh 1Illustrative photo (Photo: VNA)

Hanoi (VNA) – The Lao Government has instructed relevant agencies to study the establishment of a company to coordinate with Vietnamese partners on the development of a seaport in Vietnam’s central region.

The company will be a joint-stock one between the State and the private sector.

Spokesperson of the Lao Government Chaleun Yiapaoher revealed the information during a press conference on May 25 after the Government’s regular meeting.

The spokesperson was quoted as saying that the instruction was given out during the Government’s fresh meeting.

In late April, 2017, a memorandum of understanding (MoU) was inked between Vietnam’s Transport Ministry and the Lao Public Works and Transport Ministry during Vietnamese Prime Minister Nguyen Xuan Phuc’s official visit to Laos.

Under the document, the two countries will work to turn Vung Ang port in Vietnam’s central province of Ha Tinh into Laos - Vietnam International Port. The project is expected to help Laos, a landlocked country to access maritime trade routes. - VNA