Friday, 25/5/2018
Prime Minister Nguyen Xuan Phuc attended and co-chaired the 40th meeting of the Vietnam-Laos Inter-Governmental Committee
23/2/2018 16:13' Send Print
Prime Minister Nguyen Xuan Phuc and Lao Prime Minister Thongloun Sisoulith
This was the second time the Prime Ministers of Vietnam and Laos presided over the meeting of the Inter-Governmental Committee, highlighting the determination of Vietnam-Lao high-ranking leaders to effectively implement cooperative agreements in 2018.

Both sides expressed elation and appreciation at the results of the comprehensive cooperation between the two countries. In 2017, the two sides effectively implemented high-level agreements and cooperation agreements between ministries, branches, localities; especially the fruitful organization of the "Vietnam-Laos, Laos-Vietnam Friendship and Solidarity Year 2017," the celebration of the 55th anniversary of diplomatic ties and the 40th anniversary the Treaty of Friendship and Cooperation.

The cooperation in politics, external relations, national defense, security, economy, social and cultural fields and people-to-people exchanges has been intensified and deepened, especially in the field of education and training. At present, more than 14,000 Lao students and pupils are studying in Vietnam. Vietnamese enterprises have invested over US$3.7 billion in 411 projects in Laos with the total accumulated realized capital of $1.6 billion, accounting for 43%; many projects have fared well, fulfilled tax obligations, and created jobs. Two-way trade turnover in 2017 valued over $935 million, equivalent to 13.6% of the figures recorded last year, exceeding the target of 10%.

The identified targets for 2018 are to focus on implementing Joint Declarations and Agreements signed by high-ranking leaders and agreements between ministries, sectors and localities of the two countries; boost political, external and security relations, defense, investment and trade, strive for a 10% growth rate of two-way trade turnover, higher than 2017; expand cooperation in human resources training, investment in transport infrastructure projects linking the two countries, create a pathway for Lao to connect with the sea, in cooperation mechanisms in the Mekong sub-region, and cooperation in management of effective and sustainable use and management of water sources and in management, exploitation and processing of natural resources. In the spirit of mutual trust, the two countries pledged to support and cooperate with each other in regional and international organizations and forums, and agreed with ASEAN's viewpoint on the East Sea issue to ensure peace, stability, and resolve all disputes by peaceful means in line with international law, and the 1982 United Nations Convention on the Law of the Sea (UNCLOS), fully implement DOC and early conclude COC.

Shortly after the meeting, Prime Minister Nguyen Xuan Phuc and Prime Minister Thongloun Sisoulith witnessed the signing of 12 cooperative documents, creating a basis for drastic, effective, quality and timely implementation of these documents, bringing about substantial changes in bilateral relations. These documents include an Agreement on a cooperative plan between the two Governments in 2018; the minutes of the 40th meeting of the Viet Nam-Laos Government, an Agreement on Vung Ang (Terminals 1, 2, 3) investment cooperation, and some documents among ministries, localities, and businesses of the two countries.

Prime Minister Nguyen Xuan Phuc and Lao Prime Minister Thongloun Sisoulith jointly host a press conference on the outcome of the meeting and attended an ceremony to present awards of the two Governments in honor of collectives and individuals who made achievements in the Vietnam-Laos, Laos-Vietnam Friendship and Solidarity Year 2017.

On this occasion, Prime Minister Nguyen Xuan Phuc met with Lao Party General Secretary and State President Bounnhang Vorachith and National Assembly Chairwoman Pany Yathotou. The Lao Party, State and National Assembly leaders highly appreciated the two Governments’ efforts in taking strong action, giving close direction and focusing on overcoming difficulties, and deepening bilateral ties, and especially the successful organization of the 40th meeting of the Inter-Governmental Committee at the beginning of the year, considering this as a basis for the successful implementation of the two-year Cooperation Plan between the two Governments in 2018 and the Vietnam-Laos Cooperation Agreement for 2016-2020.

Prime Minister Nguyen Xuan Phuc and Prime Minister Thongloun Sisoulith attended a ceremony to inaugurate a scientific and technological human resources training center. The Vietnam-funded center is a symbol of scientific and technological cooperation between the two countries. The Center will conduct scientific research and is capable of training 600-800 science and technology managerial officers a year.

The Prime Ministers also visited telecommunications company Star Telecom Group, a joint venture between Vietnam’s Viettel Group and Lao Asia Telecom, which currently owns the Unitel mobile network on the occasion of the opening of its new headquarters. After nine years of business, Unitel has gained US$1.22 billion in accumulated revenue, $480 million in profits, becoming the largest telecommunications joint venture in Laos. This is also the largest contributor to the Lao budget to date. Expressing their elation at the success of Star Telecom, the two Prime Ministers urged the joint venture to continue to develop to become a flagship in economic development cooperation between the two countries.

On this occasion, Prime Minister Nguyen Xuan Phuc and Lao Prime Minister Thongloun Sisoulith attended the Spring Festival 2018 with about 1,000 Vietnamese who are staff of the Vietnamese embassy, representative offices, businesses investing in Laos and people working, living and studying in Laos.

During the mission, Prime Minister Nguyen Xuan Phuc also visited workers and laborers who are constructing the Lao National Assembly building and encouraged them to ensure the works’ quality, technique, aesthetics and progress as it is a gift from the Party, State and people of Vietnam to the Party, the Party, State and people of Lao. Started in November 2017 the new National Assembly building of Laos is the symbol of the traditional friendship, special solidarity and comprehensive cooperation between the two parties, governments, national assemblies and peoples of Vietnam and Laos.

The mission to Laos of Prime Minister Nguyen Xuan Phuc to attend and co-chair the 40th meeting of the Vietnam-Laos Inter-Governmental Committee contributes to deepening the substantial ties and bring the traditional friendship, special solidarity and comprehensive cooperation between Laos and Vietnam to a new height.
ND