The Vietnamese and Lao Finance Ministries have signed a cooperation agreement for the 2011-2015 period.

The agreement was inked in Vientiane on December 19 during Vietnamese Finance Deputy Minister Nguyen Huu Chi’s visit to Laos .

Under the deal, the two ministries will focus on training and improving the capacity of Lao financial officials and teachers in 2013.

The two sides will continue to complete legal documents and organisational apparatus for the financial sector, especially in state reserve and international cooperation.

They will increase the exchange of delegations to learn from each other’s experience and between financial officials from both countries to strengthen mutual understanding.

In 2012, the two ministries coordinated in organising a wide range of activities to mark the Vietnam-Laos, Laos-Vietnam 2012 Friendship and Solidarity Year.-VNA