Prime Minister Pham Minh Chinh arrived in Vientiane, Laos, on December 2 morning to attend a high-level meeting between the Communist Party of Vietnam (CPV) and the Lao People’s Revolutionary Party (LPRP), and to co-chair the 48th meeting of the Vietnam–Laos Intergovernmental Committee.
The PM’s trip takes place at a time when political relations and strategic trust between the two countries continue to be strengthened, reaffirming their core role ad overal orientations for bilateral relationship. Over more than 60 years of diplomatic relations, the two countries have inherited and upheld their special solidarity. They have agreed to elevate their ties to a new height with strategic cohesion. Meanwhile, their economic, trade and investment cooperation has been accelerated in all sectors.
Bilateral trade turnover reached $2.25 billion in 2024 and $2.56 billion in the first ten months of 2025. Both sides aim to increase bilateral trade to $5 billion in the next 2-3 years.
As of April 2025, Vietnam has 267 investment projects in Laos with a total registered capital of $5.63 billion.
Many Vietnamese investments are operating effectively, contributing positively to socio-economic development, creating jobs, and increasing income for thousands of workers, as well as contributing to Laos' budget, especially in telecommunications, banking, rubber planting and processing, food production and processing, and dairy.
Security-defense, education-training, culture, and tourism sectors continue to be strengthened. Vietnam and Laos consistently coordinate closely and support each other in multilateral and regional forums. Both countries are also enhancing cooperation with other ASEAN members in building the ASEAN Community and maintaining ASEAN's unity and consensus on strategic regional issues.
Prime Minister Pham Minh Chinh's visit to attend the high-level meeting between the two Parties, and co-chair the 48th session of the Vietnam-Laos Intergovernmental Committee is significant in further promoting practical cooperation and consolidating the great friendship, special solidarity, and comprehensive cooperation between Vietnam and Laos.
During the 48th meeting of the Intergovernmental Committee , the two sides will review the implementation of cooperation agreements under the 2021–2025 Vietnam–Laos Cooperation Plan and one for 2025. They will also discuss cooperation orientations and tasks for the 2026–2030 period and 2026 specifically, in order to concretize conclusions reached at the recent high - level meeting of the two Parties.
Google translate