PM urges ministries of Vietnam, Laos to foster economic links
The ministries of planning and investment of Vietnam and Laos should work to foster the two countries’ economic links in key sectors – trade, finance & banking, transportation and energy.
Prime Minister Nguyen Xuan Phuc (R) and Lao Minister of Planning and Investment Suphan Keomisay. (Photo: VNA)
Hanoi (VNA)ꩲ – The ministries of planning and investment of Vietnam and Laos should work to foster the two countries’ economic links in key sectors – trade, finance & banking, transportation and energy.
Prime Minister Nguyen Xuan Phuc made the statement at his reception for Lao Minister of Planning and Investment Suphan Keomisay in Hanoi on June 17.
Speaking at the meeting, Prime Minister Phuc reaffirmed that the Party, State and people of Vietnam treasure the traditional ties between the two nations that have been nurtured by Presidents Ho Chi Minh and Kaysone Phomvihane.
He praised the fruitful outcomes of the bilateral cooperation in multiple fields, including politics, defence-security, people-to-people exchange, economics, investment, and education and culture, in recent years.
He also thanked the Lao Government for offering incentive policies for Vietnamese investors in Laos and helping them resolve difficulties.
The Prime Minister stressed the important role the two ministries of planning and investment play in enhancing the bilateral partnership, suggesting they should exchange experience in policy making, macroeconomic stabilisation, inflation control and public investment management.
For his part, Minister Suphan Keomixay briefed his host on the outcomes of the talks with Vietnam’s Ministry of Planning and Investment, noting that the two sides have agreed to boost cooperation in multiple fields and work together to push ahead their investment projects.
The Lao minister said he hopes Prime Minister Phuc will continue facilitating the development of relations between the two ministries and countries.-VNA
President Tran Dai Quang’s State-level visits to Laos and Cambodia from June 12-16 aim to elevate the traditional friendship, special solidarity and comprehensive with Laos.
President Tran Dai Quang arrived in Vientiane on June 12, beginning his three-day State visit to Laos at the invitation of Lao Party General Secretary and President Bounnhang Vorachith.
The Party and State will continually facilitate investment and business of Vietnamese enterprises in Laos, stated President Tran Dai Quang at his working session with Vietnamese investors in Laos.
Laos hopes for support from authorities in Ho Chi Minh City to facilitate joint science and technology projects, said Lao Minister of Science and Technology Boviengkham Vongdara.
The State visits to Laos and Cambodia of President Tran Dai Quang delivered the Vietnamese new leadership’s determination to continually cement and develop Vietnam's relations with the two countries.
State President Luong Cuong’s trip once again reaffirmed the Party and State’s foreign policy of independence, self-reliance, diversification and multilateralisation of relations. It also reflected the strong trend of enhanced cooperation among countries of the Global South in shaping a new, more multipolar, fair and equitable world order.
The outcomes of Party General Secretary To Lam's visit will serve as a driving force and source of inspiration for the two countries to inherit, promote, and elevate their Comprehensive Strategic Partnership, contributing to the national construction and development cause in each country, and to peace, cooperation, and development in the region and the world.
Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
The 500kV Lao Cai – Vinh Yen power transmission line has a total investment of over 7.41 trillion VND (282.5 million USD), and a total length of 229.5 km, passing through 31 communes in the two provinces, and comprising 468 transmission tower foundations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
The ASEAN flag-hoisting ceremony is observed by the 10 ASEAN member countries on August 8 every year, aiming to spread and promote the ASEAN identity and affirm the determination to unite and cooperate for the common aspiration of long-term peace and prosperity of Southeast Asian countries under the common roof of the ASEAN Community.
Vice Chairman of the municipal People’s Committee Nguyen Manh Cuong highlighted ASEAN’s nearly six decades of development, during which the region transformed from division to harmony, from confrontation to cooperation, and from poverty to dynamic growth, becoming a global bright spot for regional cooperation.
Prime Minister Nguyen Xuan Phuc (R) and Lao Minister of Planning and Investment Suphan Keomisay. (Photo: VNA)
