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Friday, February 3, 2023

Vietnam, Laos seal 10 cooperation deals

The Saigon Times

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HCMC – Vietnam and Laos signed 10 deals this morning, January 11, to boost economic cooperation, with Vietnamese Prime Minister Pham Minh Chinh and his Lao counterpart Sonexay Siphandone witnessing.

The signing ceremony occurred after talks between the two prime ministers during PM Pham Minh Chinh’s official visit to Laos.

The 10 deals will help strengthen bilateral ties in digital technology, mutual legal assistance, training and education, water transportation, innovation in financial and payment systems, health and diplomatic consultation.

At the talks, the two sides agreed to maintain annual trade growth of 10-15% or above and promote cooperation in information and communications.

Bilateral trade between the two countries in 2022 reached nearly US$1.7 billion, up 21% compared to 2021.

Vietnamese businesses pledged investments of over US$180 million in Laos in 2022, up 52.5% over 2021.

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