Vietnam, Laos boost financial partnership hinh anh 1Overview of the meeting (Source:
Hanoi (VNA)Deputy Prime Minister Vuong Dinh Hue suggested Vietnamese and Lao Ministries of Finance enhance collaboration while receiving Laos’ Deputy Prime Minister and Minister of Finance Somdy Douangdy in Hanoi on August 4.

He hailed the two ministries for signing a cooperation agreement for 2016-2020, which maps out important orientations in bilateral affiliation.

The Deputy PM proposed that the two sides increase high-level delegation exchanges, to share experience on the macroeconomic situation and fiscal policy in their respective countries, especially handling budget expenditure and collection, building their legal systems and economic institutions, and training financial officials.

He said he believes that the guest’s ongoing visit to Vietnam will help propel the economic ties and comprehensive cooperation between the two nations, especially in the field of finance.

Somdy Douangdy said his visit aims to discuss cooperation contents that the two ministries signed in April 2016.

He highlighted the economic, financal, and budget situation in Laos and thanked the Vietnamese Ministry of Finance for its assistance over the past years.

He also expressed his wish to receive more support from his Vietnamese counterpart to improve capacity for Lao financial staff.-VNA