Lao Prime Minister highlights financial cooperation with Vietnam
Lao PM Thongloun Sisoulith applauded the effective and close cooperation between his country’s finance ministry and its Vietnamese counterpart while receiving Vietnam’s financial officials in Vientiane on March 30.
Lao Prime Minister Thongloun Sisoulith (R) receives Vietnamese Finance Minister Dinh Tien Dung on March 30 (Photo: VNA)
Vientiane (VNA) – Lao Prime Minister ThonglounSisoulith applauded the effective and close cooperation between his country’sfinance ministry and its Vietnamese counterpart while receiving Vietnam’sfinancial officials in Vientiane on March 30.
He asked the two sides to increase informationand experience exchange, noting that Vietnam’s experience is valuable,especially when Laos is coping with difficulties in budget collection.
Vietnamese Finance Minister Dinh Tien Dungthanked the Lao PM and Government for facilitating the two ministries’cooperation, briefing the host leader about the outcomes of a high-levelseminar on the management of taxation, customs and treasury earlier the sameday.
Vietnam is ready to share its experience andassist the Lao Finance Ministry to develop the treasury, taxation and customssystems, he added.
Also on March 30, Minister Dung and his Laocounterpart Somdy Duangdy, who is also a Deputy Prime Minister, co-chaired the13th meeting of the steering board for the two ministries’ cooperation.
The two sides reviewed their partnership in 2016and discussed cooperation programmes for this year. They also updated eachother on their respective countries’ macro-economy and financial and budgetmanagement activities.
They agreed to approve the cooperation plan for2017 and specified cooperation priorities for 2017-2020.
Accordingly, Vietnam’s Finance Ministry will continue helping its Lao counterpartin institutional reform and overhauling the legal framework for public debtmanagement, budget collection, and organisation of taxation, customs andtreasury sectors.
It will also support the Lao financial personnel to improve their capacity throughtraining courses, including on-the-spot training at the Vietnamese ministry.
Both ministries also concurred in enhancingmutual visits at all levels, continuing infrastructure construction for someschools managed by Laos’s Finance Ministry, and raising the quality ofpersonnel exchanges.-VNA
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Lao Prime Minister Thongloun Sisoulith (R) receives Vietnamese Finance Minister Dinh Tien Dung on March 30 (Photo: VNA) 
