Viet Nam-Laos hold 44th session of Intergovernmental Committee
Prime Minister Pham Minh Chinh and his Lao counterpart Phankham Viphavanh co-chaired the 44th session of the Viet Nam-Laos Intergovernmental Committee on Bilateral Cooperation on the morning of January 10.
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| Viet Nam-Laos hold 44th session of Intergovernmental Committee. (Photo: VOV) |
During the meeting, the two PMs witnessed the signing ceremony of official documents as part of the session, along with co-operation documents between ministries, sectors, and enterprises of the two countries.
Despite being impacted by the COVID-19 pandemic over recent times, joint co-operative relations have enjoyed positive developments in a substantive and effective manner.
The two sides have been able to maintain meetings and delegation exchange in all channels and regularly deploy bilateral co-operation mechanisms in various forms. Co-operation in defence, security, diplomacy, and co-ordination at both international and regional forums therefore continues to be strengthened.
Most notably, two-way trade turnover between the two countries reached US$1.3 billion in 2021, representing an increase of more than 30% over the same period from the previous year. Indeed, Vietnamese investment capital into the neighbouring country hit US$112 million, marking an annual rise of 27%.
The official visit to Viet Nam by Laotian PM Viphavan is the first visit by a foreign senior leader to the nation in 2022.
Within the framework of his working visit, PM Viphavanh had a host of meetings with Vietnamese senior leaders and joined PM Chinh to launch the Viet Nam-Laos and Laos-Viet Nam Year of Friendship and Solidarity 2022.
This year has special significance for the two countries as it marks the opening of the “Viet Nam-Laos, Laos-Viet Nam Friendship and Solidarity Year 2022” on the occasion of the 60th anniversary of bilateral diplomatic relations and 45 years of the Viet Nam-Laos Treaty of Amity and Cooperation.
These events are of historical significance as they represent shining milestones featuring special solidarity between Viet Nam and Laos.
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