During the talks between Mr. Nguyen Duy Ngoc, Politburo member and Secretary of the Hanoi Party Committee, and Mr. Anouphap Tounalom, Secretary of the Lao People's Revolutionary Party Central Committee, Secretary of the Vientiane Party Committee and Chairman of the Vientiane People’s Council, which took place on December 2, within the framework of the state visit to Laos by General Secretary of the Communist Party of Vietnam To Lam and a high-ranking delegation of Vietnam, the former emphasized the positive outcomes of cooperation between the capitals of Hanoi and Vientiane.
The two sides reaffirmed the great friendship and special solidarity between Vietnam and Laos, highlighting the deep-rooted tradition of cooperation across generations. This serves as a foundation for strategic local cooperation, playing a crucial role in the overall relationship between the two countries.
Over the years, Vietnam and Laos have achieved significant results in trade and investment.
The total bilateral trade turnover from 2022 to the present has reached nearly $8 billion, averaging about $1.8 billion per year, 1.6 times higher than the previous period, surpassing the target of 10-15 per cent annual growth set by the two countries' leaders.
Vietnamese enterprises' investment in Laos remains on the rise, moving towards more sustainable directions, maintaining the third-largest investor position in Laos after China and Thailand.
Hanoi and Vientiane have also achieved positive results in implementing the Memorandum of Understanding for the 2022–2025 cooperation period.
Mr. Anouphap Tounalom agreed with Hanoi's leadership on strongly enhancing strategic cooperation and consolidating comprehensive relations across all channels and fields.
The two capitals are determined to deepen the achievements made and proactively expand cooperation into new areas, implementing strategic linkage directions set by the two countries' senior leaders, especially in infrastructure connectivity, economic linkage, and people-to-people exchanges.
Educational and training cooperation activities, scholarships, cadre training, agriculture, health, and forums for experience sharing and investment promotion conferences have been actively organized, bringing practical benefits and clearly demonstrating the spirit of comprehensive cooperation, support, and joint development between Hanoi and Vientiane.
In the future, both sides agreed to continue strengthening strategic cooperation in Party building and political system development, expanding cadre training programs, educational cooperation, and effectively implementing economic development support projects for Vientiane.
Notably, the two sides will promote economic and trade cooperation, organize investment, tourism, and people-to-people exchange activities on the occasion of the 65th anniversary of diplomatic relations and the 50th anniversary of the Vietnam-Laos Friendship and Cooperation Treaty to be celebrated in the Vietnam-Laos Solidarity and Friendship Year 2027.
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