Regional development triangle expands to 13 provinces

Three more provinces will be added into the regional development triangle, bringing the total localities to 13 following an approval of revising a memorandum of understanding (MoU) signed on Nov. 26, 2008.
Three more provinces will be added intothe regional development triangle, bringing the total localities to 13following an approval of revising a memorandum of understanding (MoU)signed on Nov. 26, 2008.

Under the proposal passed by officials from Cambodia , Laos and Vietnamat a recent meeting in Banlung city, the Cambodian province ofRattanakiri, three new-added provinces are Binh Phuoc of Vietnam,Kratie of Cambodia and Champassak of Laos.

At the fifth meeting of the Cambodia-Laos-Vietnam development trianglecoordination committee from March 16-18, the participants agreed with aproposal to draw a list of items that will enjoy preferential tariffsif having certificates of origin from the three countries as well asestablish a joint technical subcommitee on policy making and prioritiesin order to promote investment in the triangle.

Participants agreed that Vietnam will chair meetings on a joint tourismdevelopment plan for the triangle. They also were unanimous in theenhancement of cooperation among the three countries’ coordinationcommittees, thus implementing the MoU on the triangle at nationallevel, they said.

The participants shared the same view on the establishment of a websiteon the triangle and hailed Vietnam’s assistance in helping Cambodiaand Laos carry out the plan.

Prior to the meeting, a Cambodia-Laos-Vietnam fair was held in Banlungcity on March 14-15 with the participation of businesses from provincesin the triangle.

Besides, Cambodia, Laos and Vietnam held an investment, trade andtourism promotion meeting and a cultural exchange programme for youngpeople from triangle’s provinces./.

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