Hanoi (VNS/VNA) - Two subsidiaries of Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin), Vinacomin Coal and Mineral Import–Export Joint Stock Company and Vinacomin–Northern Coal Trading Joint Stock Company, signed a coal supply contract with Laos’ Xekong Power Plant Limited, a subsidiary of Phonesack Group, at Vinacomin headquarters on November 27.
The signing comes as Laos prepares to celebrate the 50th anniversary of the National Day of the Lao People’s Democratic Republic, highlighting the significance of the traditional, close and trustworthy cooperative relationship between the two countries.
The agreement is the result of thorough discussions and negotiations between the parties and opens a new phase of cooperation in coal trade between Vinacomin and energy companies in Laos.
It affirms Vinacomin’s role in expanding markets and ensuring stability and efficiency for the group's production and business activities.
Previously, the Minister of Industry and Trade of Vietnam and the Minister of Energy and Mines of Laos signed a cooperation agreement between the two governments on the trade of coal and electricity in Vientiane, Laos, on November 9.
This document is strategic and lays the foundation for long-term cooperation between the two countries in the energy and mineral sectors./.
Vietnam strongly supports Laos’ nation building, development, renewal cause: State President
Congratulating the Lao Party, State and people on their important and significant achievements, State President Luong Cuong affirmed that the past 50 years have been a brilliant and glorious historical period for the people of all ethnic groups in Laos, a heroic journey full of confidence and perseverance in the path they have chosen, and belief in the bright future of the country.
