The diversification of global supply chains is creating significant opportunities for Vietnam to engage more deeply in international production networks. However, along with market expansion prospects, there are challenges posed by trade tensions, the reality of climate change accompanied by natural disasters, and the requirements for carbon emissions reduction, according to experts.
Current exchange rate fluctuations still fall within the controlled range of the State Bank of Vietnam, without necessitating usage of foreign exchange reserves for intervention, Nguyen Ba Hung, Chief Economist of the Asian Development Bank (ADB) in Vietnam, has said.
Vietnamese Ambassador to Laos Nguyen Ba Hung on February 7 handed Lao Prime Minister Sonexay Siphandone letters of best wishes from Party General Secretary Nguyen Phu Trong and President Vo Van Thuong to former Chairman of the Lao People's Revolutionary Party (LPRP) and former President of Laos Khamtai Siphandone on the occasion of his 100th birthday, which falls on February 8.
The Vietnamese Embassy in Laos has obtained significant achievements in all the fields within its remit this year, particularly in economic and cultural diplomacy, said Ambassador Nguyen Ba Hung.
Vietnamese Ambassador to Laos Nguyen Ba Hung outlined measures to help Vietnam and Laos further preserve, nurture, and deepen their great friendship, special solidarity, and comprehensive cooperation in a recent interview to the Vietnam News Agency regarding the 61st anniversary of the countries’ diplomatic relations.
The Vietnam - Laos trade fair (VIETLAO EXPO 2023), the largest annual trade promotion event co-organised by the countries’ ministries of industry and trade, opened in the Lao capital city of Vientiane on July 27.
Vietnamese Ambassador to Laos Nguyen Ba Hung on June 28 extended greetings to the Lao People's Revolutionary Party (LPRP) Central Committee's Commission for External Relations on the occasion of its 40th founding anniversary.
President Vo Van Thuong’s upcoming visit to Laos will create a strong impetus for enhancing the effectiveness and sustainability of the Vietnam-Laos cooperation and helping the ties become a positive factor in consolidating peace, security, stability and cooperation in Asia and the world, affirmed Vietnamese Ambassador to Laos Nguyen Ba Hung.
Vietnam has played an active part in the Mekong River Commission (MRC) since this mechanism’s inception, and Prime Minister Pham Minh Chinh’s attendance in the fourth MRC Summit in Vientiane on April 5 will continue showing the country’s respect for the commission, a diplomat has said.
Stories about Vietnam and Laos’s traditional relations were shared with young people at a talk held by the Lao National Academy of Politics and Public Administration in Vientiane on June 24.
The Vietnam Department of Peacekeeping Operations on April 14 held an opening ceremony for its second training course for UN staff officers with the support of the US’s Global Peace Operations Initiative (GPOI).
Vietnamese Ambassador to Laos Nguyen Ba Hung on November 4 presented books and teaching equipment – a gift from the Ministry of Education and Training of Vietnam – to the Nguyen Du Laos – Vietnam bilingual school in Vientiane.
On the basis of the sound political relations, economic and investment cooperation has always been a bright spot in the special ties between Vietnam and Laos.
A requiem was held in Vientiane on December 9 for Vietnamese martyrs who laid down their lives in Laos, with the participation of high-ranking officials of the host country, and representatives of various Vietnamese authorities and community in Laos.
Dakcheung School was inaugurated and handed over to the Lao province of Sekong’s Dakchueng district on November 13, as a gift from the Vietnamese Party, State and people.
Vietnamese communities over the world are organising celebrations of the traditional Lunar New Year (Tet), the most important festival in a year for Vietnamese.
The Laos-Vietnam Friendship Association (LVFA) Central Committee has presented 100 million LAK (around 12,000 USD) to support Vietnamese people suffered losses caused by recent floods and storms.
Vietnam and Lao jointly organised a friendly football match to celebrate the 55th anniversary of diplomatic relations and 40 years of signing of the Vietnam-Laos Treaty of Amity and Cooperation.
