Vietnam, Laos, Cambodia benefit from development triangle mechanism
The development triangle mechanism of Vietnam, Laos and Cambodia has brought great benefits to all three countries, Deputy Foreign Minister Vu Hong Nam said.
Hanoi (VNA)ꦦ – The development triangle mechanism of Vietnam, Laos and Cambodia has brought great benefits to all three countries, Deputy Foreign Minister Vu Hong Nam told the media on the eve of the ninth Summit of the CLV Development Triangle Area.
The ninth Summit of Cambodia-Laos-Vietnam (CLV) Development Triangle Area (CLV 9) is slated to take place in Siem Reap, Cambodia on November 23 and 24.
The biggest benefit that the development triangle mechanism has created is the close connectivity among the three economies, with free movement of people thanks to the visa exemption policy, and around 30 flights each day between Vietnam and Laos and Cambodia.
The three countries have also opened up their border. Vietnam and Laos have completed border demarcation with 8 international and 17 national border gates, while Vietnam and Cambodia are still in the process of drawing their border line, but all 10 international and 65 national and auxiliary border gates have been opened for trade and people movement. The road systems of the three countries have been connected, facilitating land transport.
Trade and investment ties among the three countries have enjoyed a dynamic development thanks to open and harmonious policies. Two-way trade between Vietnam and Laos is around 2-3 billion USD each year, and that between Vietnam and Cambodia has surpassed 3 billion USD.
Vietnamese businesses have poured nearly 3 billion USD into Laos and 5 billion USD in Cambodia, while investment from Laos and Cambodia into Vietnam stood at 50 million USD, respectively.
The mechanism also enabled cooperation in education and health care, particularly Vietnam’s educational and medical services in border areas have opened to residents on the other side of the border.
Such outstanding results have prompted the three countries to expand the CLV mechanism to all their territories, Deputy FM Vu Hong Nam said.
As the biggest economy in the triangle area, Vietnam has played the leading role in the mechanism. Over the past 17 years, the three economies have connected across many areas, from investment and trade to transport, finance and banking.
Vietnamese businesses have taken the lead in making investment in the triangle area. Out of 183 Vietnamese investment projects in Laos, 48 are in the triangle development area and 61 out of 248 Vietnamese projects in Cambodia are located in the area.
Vietnam’s investment in education and health care has contributed to developing those two sectors in the development triangle.
Vietnam is active in drafting policies for the development triangle, turning the mechanism into a dynamic and creative forum.
In preparation for the CLV9, Vietnam hosted a Senior Official Meeting (SOM) and meetings of four sub-committees from October 31-November 1. The Prime Minister has instructed ministries and agencies to review work in CLV cooperation with a view to finding causes to any difficulties and seeking new ideas to further bolster the cooperation.
The summit is expected to issue a joint statement on connectivity of the three economies, among others. A list of 15 priority projects will also be tabled for discussion.-VNA
The fourth negotiation round on the Trade Promotion and Facilitation Agreement in the Cambodia-Laos-Vietnam (CLV) Development Triangle Area opened in Vietnam’s Central Highlands province of Dak Lak.
The Prime Minister has signed a decision on developing the Central Highland province of Dak Nong into an important growth pole of the Cambodia – Laos – Vietnam (CLV) Development Triangle by 2050.
The 11th Senior Officials’ Meeting (SOM) of the Cambodia-Laos-Vietnam (CLV) Development Triangle Area opened in Gia Nghia town, the Central Highlands province of Dak Nong on November 1.
Prime Minister Nguyen Xuan Phuc is going to lead a Vietnamese delegation to the ninth Summit on Cambodia-Laos-Vietnam (CLV) Development Triangle Area, slated for November 23 in Siem Reap, Cambodia.
The ninth Summit of Cambodia-Laos-Vietnam (CLV) Development Triangle Area will take place in Cambodia from November 23-24, aiming to strengthen solidarity and cooperation between the three countries.
General Secretary of the Communist Party of Vietnam Central Committee To Lam and his spouse Ngo Phuong Ly departed from Hanoi on August 10 morning for a four-day state visit to the Republic of Korea (RoK), which is made at an invitation of RoK President Lee Jae Myung.
As part of the ASEAN Day celebrations, the Vietnamese embassy will also host the ASEAN Family Day 2025 in Ottawa to foster solidarity and community spirit among ASEAN members in Canada.
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.
Deputy Foreign Minister Vu Hong Nam (Photo: VNA)
