Vietnam contributes to Lao socio-economic development
Since the signing of the Vietnam-Laos Treaty on Amity and Cooperation on July 18, 1977, the traditional relationship, special solidarity and comprehensive cooperation between the two nations have been strengthened, especially in the economy.
Vientiane (VNA) – Since the signingof the Vietnam-Laos Treaty on Amity and Cooperation on July 18, 1977, the traditional relationship,special solidarity and comprehensive cooperation between the two nations havebeen strengthened, especially in the economy.
Thanks open policies and strong support from the two Parties and States overthe last four decades, collaboration between the two nations’ enterprises hasbeen fostered, contributing to further developing the sustainable Vietnam-Laos relations.
Head ofthe External Affairs Commission of the Lao People's Revolutionary Party (LPRP) Central Committee Sounthone Sayachac,said Vietnam is one of the leading foreign investors in hercountry.
Trade and investment cooperation between Vietnam and Laos has been growing, importantlycontributing to Laos’s socio-economic development, he added.
According to data of the Lao Ministry of Planning and Investment, Vietnam’sinvestment to Laos has incessantly increased, becoming the third largest foreigninvestor in the country, with a total capital of 3.7 billion USD.
Vietnam’s projects in Laos are being smoothly operated, contributing 240-260million USD to Laos’s budget every year, and creating about 35,000 jobs forlocal labourers.
Meanwhile, the Vietnamese Ministry of Planning and Investment said Laos isVietnam’s largest foreign investment market with 408 projects.
Established in 1999 between the Bankof Investment and Development of Vietnam (BIDV) and the Lao Foreign Trade Bank,the Lao Vietnam Joint Venture Bank (Lao-VietBank) has become the symbol of economiccooperation between the two countries.
It serves as a bridge to promote thebilateral trade and investment ties.-VNA
Vietnamese businesses still think Laos is an attractive destination and will continue to invest in the country despite a slowdown in out-bound investment, Vietnamese Minister of Planning and Investment Nguyen Chi Dung told Lao Prime Minister Thongloun Sisoulith in Vientiane on December 16.
The upcoming official friendly visit to Vietnam by General Secretary of the Lao People’s Revolutionary Party (LPRP) and President of Laos Bounnhang Vorachith aims to affirm Laos’ policy of treasuring the great friendship, special solidarity and comprehensive cooperation between the two countries.
General Secretary of the Lao People’s Revolutionary Party and President of Laos Bounnhang Vorachith arrived in Hanoi on December 19 morning, starting an official friendly visit to Vietnam.
General Secretary of the Communist Party of Vietnam Nguyen Phu Trong chaired a grand welcome ceremony for General Secretary of the Lao People’s Revolutionary Party and President of Laos Bounnhang Vorachith in Hanoi on December 19.
The Party chief attributed the achievements in the first half to the continuous, direct, and comprehensive leadership of the Politburo and the Secretariat of the Party Central Committee, and the close and effective coordination of relevant ministries, sectors and localities.
General Nguyen Tan Cuong, Chief of the VPA’s General Staff and Deputy Minister of National Defence reaffirmed Vietnam’s unwavering gratitude for Cuba’s invaluable support during its struggle for independence and nation-building efforts, and pledged to stand shoulder-to-shoulder with Cuba as it navigates current challenges.
Vietnam is a country with which Russia shares a special relationship. In the 1950s and 60s, particularly during Vietnam’s struggle for independence, the two countries forged a deep bond. While much has changed over time, the friendship and cooperation between our nations have endured, said Russian President Vladimir Putin.
For 50 years, Vietnam and New Zealand have worked together to uphold peace and prosperity for their peoples and the region. The friendship, cooperation, and mutual understanding Vietnam and New Zealand nurtured have grown from a seed into a deeply rooted, strong, and thriving tree, she stressed.
Since the Strategic Partnership was established in 2020, Vietnam and New Zealand have witnessed steady growth in the relations. Beyond the remarkable 40% increase in bilateral trade over five years, political relations and multilateral interactions, particularly within the CPTPP framework, have remained highly positive.
Known as the “four pillars for Vietnam’s ascend”, the Pobiburo's Resolutions 57, 59, 66, and 68 focus on cultivating a robust national entrepreneurial spirit, unlocking resources for innovation across society, and accelerating the development of digital economy, knowledge-based economy, green economy, and circular economy, propelling Vietnam forward rapidly and firmly on the path of modernisation and international integration.
Minister of Finance Nguyen Van Thang cleared up deputies' concern regarding how to spur socio-economic growth, renew traditional growth motives and establish new momentum for development.
Vietnam proposed several priorities: narrowing the digital divide, strengthening women’s leadership in the digital economy and AI governance, and mobilising sustainable financing for gender equality initiatives in line with each country’s national priorities and context. Vietnam also advocated for genuine women’s participation and leadership across all areas of public life.
Ha expressed his hope that cooperation in science and technology, agriculture, and natural resources would emerge as new focal points and engines of growth in Vietnam–China relations.
Giang said he believes that building on the solid foundation nurtured over the past half-century and the strong determination of both nations, the Comprehensive Strategic Partnership will continue to grow in a more robust, comprehensive, and extensive manner, thus bringing more practical benefits to the two nations' people.
Highlighting the transformative potential of the draft law in revitalising Vietnam’s railway industry, Hoang Van Cuong, a deputy of Hanoi, expressed his support for Article 39, which empowers the Prime Minister to issue a list of railway-related goods and services to be assigned or ordered from domestic enterprises for production.
According to the Ministry of Public Security, Hoan, formerly Deputy Minister of Labour, Invalids and Social Affairs, is under investigation for allegedly taking bribes in connection with a case involving the Hoang Long Construction and Manpower Supply JSC and related units.
Chairing a national conference on the organisation of the examination on June 18, the PM highlighted the historical significance of the examination, as the restructuring of provincial-level administrative units is underway and the two-tier local administration model is set to officially begin operations on July 1.
Right on the same day, the ministry issued its highest-level travel warning, urging Vietnamese citizens not to travel to Israel or Iran, and advised those already in these countries to swiftly consider evacuation or relocation plans.
From the struggles against colonialists and imperialists to the period of Doi moi (renewal) and international integration, the Vietnamese revolutionary press has always played a pioneering role on the ideological and cultural front, he said.
The Party leader's working session with the standing boards of the Party Committees of HCM City, Ba Ria – Vung Tau and Binh Duong, the VNA General Director's remarks on the occasion of the 19th OANA General Assembly, the launch of new NIC - Google initiatives aimed at bolstering AI entrepreneurship and digital literacy in Vietnam are among news highlights June 18.
Vietnam and Indonesia reaffirmed their commitment to strengthening cooperation in combating terrorism as it remains a threat to peace, security, and stability across their respective nations, the broader region, and the international community.
A Laos-Vietnam joint venture bank (Photo VNA) 
