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Vietnam-Laos conference on socialism-oriented market economy

Vietnam and Laos convened the third theoretical conference on the theme of developing socialism-oriented market economy, which is said to have brought about significant achievements to each country over the past 30 years, in Hanoi on July 14.
Vietnam and Laos convened the third theoretical conference on the themeof developing socialism-oriented market economy, which is said to havebrought about significant achievements to each country over the past 30years, in Hanoi on July 14.

Politburo member and Head ofthe Party Central Committee’s Commission for Communication and EducationDinh The Huynh and Head of the Lao People’s Revolutionary Party’sCommission for Propaganda and Training Kikeo Khaykhamphithouneco-chaired the event as the two Parties are holding Party Congresses atall levels towards their National Party Congress in early 2016.

In his speech, Huynh, who is also Chairman of the Central TheoreticalCouncil, said the Communist Party of Vietnam is increasingly aware ofthe substance and nature of a socialism-oriented market economy and isset to strengthen and overhaul its leadership over the process.

The conference affords both sides an opportunity to improve relevantperceptions and share the realities of developing a socialism-orientedmarket economy in each country, he added.

Khaykhamphithoune, who is also President of the Lao National Council forSocial Sciences, briefly spoke of Laos’ roadmap and major orientationsto fostering a socialism-oriented market economy.

On the table were discussions about the relationship between the Stateand the market and between the market and society, the market economy’simpacts on Party building, social progress and fairness, among others.

On July 15, the Lao delegation will travel to thenorthern province of Quang Ninh to learn about its socio-economicdevelopment experience.-VNA
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