Vietnamese Deputy Prime Minister Nguyen Xuan Phuc and his Laocounterpart Somsavat Lengsavad on December 19 signed a Vietnam-Laospartnership agreement for the year 2013.
This was one of theoutcomes of the 35 th meeting of the Vietnam-Laos Inter-governmentalCommittee for Economics, Culture, and Science and Technology Cooperationheld in the northern province of Vinh Phuc.
During themeeting, both sides discussed a number of fields, including educationand training, culture, science and technology, mining, energy andinvestment.
Under the terms of the economic partnership, bothsides agreed to review the activities of Vietnamese investors in Laosand to create favourable conditions to implement investment projectsand take punitive measures against enterprises which failed to deliveron promises.
The two sides requested enterprises involved inthe hydro-power plant, Sekaman 3 to speed up progress so that commercialoperations could be started soon.
They also targeted an increase of 25 percent in two-way trade turnover next year.
Both sides agreed to continue preferential taxation treatment for goods made in each country.
They also paid attention to building a stable border line and completing border demarcation in 2014./.VNA
This was one of theoutcomes of the 35 th meeting of the Vietnam-Laos Inter-governmentalCommittee for Economics, Culture, and Science and Technology Cooperationheld in the northern province of Vinh Phuc.
During themeeting, both sides discussed a number of fields, including educationand training, culture, science and technology, mining, energy andinvestment.
Under the terms of the economic partnership, bothsides agreed to review the activities of Vietnamese investors in Laosand to create favourable conditions to implement investment projectsand take punitive measures against enterprises which failed to deliveron promises.
The two sides requested enterprises involved inthe hydro-power plant, Sekaman 3 to speed up progress so that commercialoperations could be started soon.
They also targeted an increase of 25 percent in two-way trade turnover next year.
Both sides agreed to continue preferential taxation treatment for goods made in each country.
They also paid attention to building a stable border line and completing border demarcation in 2014./.VNA
