State President concludes Laos, Cambodia visits

State President Nguyen Minh Triet returned home in the afternoon on Aug. 28, wrapping up an official visit to Laos and a State-level visit to Cambodia.
State President Nguyen Minh Triet returned home in the afternoon on Aug.28, wrapping up an official visit to Laos and a State-level visit toCambodia .

In the morning the same day, the President attended and delivered aspeech at the talks on “Experience, potential and opportunities forVietnamese investors in Cambodia ” in Cambodia ’s capital city ofPhnom Penh .

The talks were attended by Cambodian Deputy PrimeMinister and Economic and Financial Minister Keat Chhon and over 200representatives of the two countries’ business circles.

Representativesof Vietnamese businesses currently doing business and investing inCambodia presented the results of their invested projects inagriculture, mining, finance-banking, healthcare, energy, light industryand hydro-electricity. They put forth recommendations for boosting thetwo countries’ economic, trade and investment cooperation on a par withthe current growing political ties.

The Cambodian Deputy PrimeMinister told President Triet and the participants that his countryexpects its economy to boom this year with an estimated GDP growth rateof at least 5 percent.

He pointed to the young and dynamicpopulation as one of his country’s advantages together with untappedpotential, saying there will be many opportunities for Vietnameseinvestors.

Noting the participants’ recommendations and specificinitiatives, President Triet said the two countries’ economic, trade andinvestment cooperation has attained encouraging developments though yetto match their potential.

Opportunities still lie ahead,President Triet said, expressing his hope that Vietnamese investors willgo to Cambodia with the spirit of solidarity and friendship.

Heured Vietnamese investors to be responsible and cautious to avoidsparking problems that can affect their partners’ trust, and participateactively in poverty reduction, cultural, healthcare and educationalactivities in Cambodia.

Also in the morning, President Trietvisited the construction site of the Technology and Senior High Schoolin Kampong Chnang, which is built with 10 billion VND that GeneralSecretary Nong Duc Manh presented to the Cambodian Royal Fund during hisvisit to Cambodia in 2005. Once competed, the school will be named“the Vietnam-Cambodia Friendship School ”.

In an interviewgranted to the press, Deputy Foreign Minister Dao Viet Trung said thegood outcomes of the two visit will contribute greatly to strengtheningand lifting Vietnam ’s ties with Laos and Cambodia to a newheight.

He said the leaders have affirmed the importance of theirgrowing traditional friendship as a invaluable asset that needs to bepreserved and handed down to the next generations.

Trungreiterated that Vietnam has placed importance to strengthening andenhancing its special solidarity and friendship and comprehensivecooperation with Laos and good neighbourliness, traditional friendshipand all-sided cooperation with Cambodia .

In the future,Vietnam will increase the exchange of visits with Laos and Cambodiaat all levels in order to deepen their currently fine political tiesto create a foundation for their cooperation in the fields of economy,investment, trade, and others.

Regarding cooperation with Laos, Trung said the two countries should quickly carry out theiragreements in the fields of hydro-electricity and the plantation ofindustrial plants and mining, while pushing up cooperation inhealthcare, agriculture and rural development, infrastructureconstruction, tourism, culture, and post and telecommunication.

Forher part, Vietnam will step up the training of human resources forLaos to help it meet the needs for industrialisation andmodernisation, Trung noted.

In the short term, Trung said the twocountries need to work on their plan on enhancing the quality andeffectiveness of Vietnam-Laos cooperation in education and humanresource development and carry out the projects to establish the Facultyof Vietnamese language in the Lao National University and othercooperative projects in education and training.

With Cambodia ,the two countries will strive to raise their two-way trade to 2 billionUSD in 2010 and encourage Vietnamese businesspeople to invest inCambodia , especially in banking, the growing of rubber plants,fertilizer production, the processing of farm products, mining, oil andgas industry, telecommunication and hydro-electricity.

Vietnamwill boost its cooperation with and help Cambodia in other fields,such as agriculture, forestry, fisheries, transport and communications,education, healthcare and tourism, Trung said./.

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