Politics

Vietnam, Laos look towards 2 billion USD trade next year

Prime Minister Nguyen Tan Dung and his Lao counterpart Thongsing Thammavong agreed to conclude negotiations on the signing of a new bilateral trade agreement, which forms the legal framework for achieving the two countries’ goal of 2 billion USD in trade by 2015.
Prime Minister Nguyen Tan Dung and his Lao counterpart ThongsingThammavong agreed to conclude negotiations on the signing of a newbilateral trade agreement, which forms the legal framework for achievingthe two countries’ goal of 2 billion USD in trade by 2015.

The agreement is part of efforts to strengthen economic, trade andinvestment ties, as declared by the two leaders on the sidelines of theeighth Summit of the Cambodia-Laos-Vietnam Development Triangle inVientiane, Laos on November 24.

Thammavong thanked Vietnam forits annual provision of official development assistance as well asscholarships for Lao students.

The Vietnamese PM suggested Laos offer all comprehensive support to the Vietnamese community living in the country.

Both host and guest spoke highly of the outcomes of the 36 thconference of the Vietnam-Laos Inter-governmental Committee inVientiane, and consented to actively prepare for the 37 th conferencescheduled for early next year.

Discussing regional issues ofshared concern, they promised to work together closely in theAssociation of Southeast Asian Nations and other regional andsub-regional mechanisms.-VNA
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