Vietnam ready to support Laos in SOE reform: Deputy PM
Deputy Prime Minister Ho Duc Phoc reiterated Vietnam’s readiness to share its experience fully and support Laos in SOE reform, while also expressing a desire to learn from Laos’ valuable insights.
Deputy Prime Minister Ho Duc Phoc, head of the Steering Committee for Enterprise Renewal and Development, holds a working session in Hanoi on August 13 with a visiting delegation from the Lao People’s Revolutionary Party (LPRP) Central Committee’s Commission for State-owned Enterprise (SOE) Reform. (Photo: VNA)
Hanoi (VNA) - Deputy Prime Minister Ho Duc Phoc, head of the Steering Committee for Enterprise Renewal and Development, held a working session in Hanoi on August 13 with a visiting delegation from the Lao People’s Revolutionary Party (LPRP) Central Committee’s Commission for State-owned Enterprise (SOE) Reform, led by Saleumxay Kommasith, Politburo member, Deputy Prime Minister and head of the commission.
Deputy PM Phoc praised Laos for its interest in exchanging experiences on the management and development of SOEs. He affirmed that such cooperation is strategically important, laying a firm foundation for macroeconomic stability and sustainable development in both countries.
He emphasised that Vietnam has implemented a range of comprehensive reforms and policies in recent years to modernise SOEs, aiming to improve their efficiency and competitiveness.
These efforts have produced positive results, reflecting the sound guidance of the Party and State. SOEs play an important role in the national economy, contributing significantly to social welfare, national defence, and security.
He reiterated Vietnam’s readiness to share its experience fully and support Laos in SOE reform, while also expressing a desire to learn from Laos’ valuable insights.
For his part, Deputy PM Saleumxay Kommasith stressed the importance of this visit in learning experience from Vietnam, which has made outstanding achievements in SOE reform amid deepening international integration.
He underlined that SOE reform is crucial for building an independent and self-reliant economy in Laos. The country looks forward to Vietnam’s continued support, particularly in training management personnel and applying information technology in enterprise governance and operations. He also pledged to create favourable conditions for Vietnamese enterprises investing and operating in Laos.
During the session, the two sides discussed measures to strengthen cooperation in SOE reform and outlined future collaboration. They agreed to maintain regular communication between relevant agencies to facilitate information and experience exchange, promoting effective and practical cooperation for the benefit of both peoples./.
Tran Luu Quang, Secretary of the Communist Party of Vietnam (CPV) Central Committee and head of its Commission for Policies and Strategies, underlined that the exchange of experience in building socio-economic development policies, refining institutions and policies, and particularly in SOE reform, is a practical and significant approach that contributes to maintaining stability and fostering development in both countries.
Vietnam’s Committee for Management of State Capital at Enterprises (CMSC) and the State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC) held a conference on reform and development of State-owned enterprises (SOEs) in Beijing on March 18.
The outcomes of the state visit to the Republic of Korea (RoK) by Party General Secretary To Lam and his spouse from August 10-13 are reflected in five major aspects, ranging from political trust and multifaceted cooperation to social foundations and multilateral engagement.
Prime Minister Pham Minh Chinh said the programme must focus on steadily improving the material and spiritual well-being of ethnic minority and mountain communities, with each year’s progress surpassing the previous.
Party General Secretary To Lam and his spouse Ngo Phuong Ly, accompanied by a high-level Vietnamese delegation, left Busan for Hanoi on August 13, concluding their four-day state visit to the Republic of Korea (RoK) at the invitation of Korean President Lee Jae Myung and his spouse.
At the local level, successive leaders of HCM City have paid due attention to fostering Vietnam–India friendship. Under their guidance and support, people-to-people exchanges between the two countries in the city have flourished across trade, tourism, culture, and education. Such activities have deepened ties and mutual understanding while bringing tangible benefits to the people of both nations.
In the context of the robust development of bilateral ties, the establishment of the Consulate General of Vietnam in Busan is vivid evidence of the deepening linkages between the two nations, serving as a solid bridge to expand locality-to-locality cooperation in various fields such as economy, culture, and people-to-people exchanges.
The diplomatic sector has always upheld its role as one of the three key pillars in the cause of national construction and defence, taking the lead in implementing the motto of “using the invariables to cope with the variables" in asserting and safeguarding the sacred sovereignty of the nation.
Deputy Prime Minister Nguyen Chi Dung, on behalf of the Government and people of Vietnam, extended congratulations to the government and people of Singapore, highlighting Singapore as a source of aspiration for many nations, including Vietnam, and a model of innovation, and smart government building.
President of the VFF Central Committee Do Van Chien highlighted the fruitful ties between the VFF Central Committee and the LFNC Central Committee for the effective implementation of the bilateral cooperaetion agreement and the tripartite memorandum of understanding among the fronts of Vietnam, Laos, and Cambodia.
Busan will continue to work closely with Ho Chi Minh City and other Vietnamese localities to promote substantive collaboration in areas where the two sides boast complementary strengths, contributing to concretising the agreements reached by high-ranking leaders of both sides, said Busan Mayor Park Hyeong Joon.
Party General Secretary To Lam acknowledged the rapid progress of the Vietnam–RoK partnership in recent years, especially in economics, thanks to the support of both countries, their citizens, and business leaders like former Honorary Consul General of Vietnam in the RoK Park Soo Kwan.
The Government leader called for a people-centred and comprehensive approach involving the full political system, with more decentralisation and delegation of power, as long as stronger implementation capacity, enhanced inspections, perfected institutional frameworks, and targeted resource allocation.
Hugh Jeffrey, Deputy Secretary of Strategy, Policy, and Industry at the Australian Department of Defence, highly valued Vietnam's increasingly active role in peacekeeping missions and expressed confidence in the growing, practical, and deeper cooperation between the two countries.
The visit marks the Vietnamese Party General Secretary’s first state visit to the RoK in his new role. The RoK’s invitation to him as the first “state guest” under its new administration signals the high priority it places on the relationship with Vietnam and its Party chief personally.
Party General Secretary To Lam suggested both sides effectively implement existing parliamentary cooperation agreements and strengthen exchanges between the two legislatures. He laid stress on the bridge-building role of friendship parliamentarian groups in each country.
Under the draft revised rules, the NA and People’s Councils will no longer directly establish thematic supervision missions. Instead, the NA will select annual supervision themes and assign their implementation to the NA Standing Committee or specialised committees, which will then report findings for parliamentary discussion and resolution.
The Republic of Korea (RoK)’s media continued to provide extensive coverage on August 12 of the State visit to the country by General Secretary of the Communist Party of Vietnam Central Committee To Lam, his spouse Ngo Phuong Ly, and a high-level Vietnamese delegation from August 10-13.
