MOIT VIETNAM | NEWS
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Laos and Vietnam: Deepening Bilateral Relations and Promoting Multilateral Cooperation
The longstanding partnership between Laos and Vietnam continues to thrive, focusing not only on strengthening bilateral ties but also on enhancing their joint participation in regional and international forums. Recognizing the importance of multilateral cooperation as a cornerstone of their foreign policy, the two countries have been steadfast in their collaboration. They work closely to support each other at various platforms, especially within ASEAN, thereby demonstrating their respective roles, positions, and shared responsibilities in promoting peace, security, and sustainable development, both regionally and globally.
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Strengthening Special Vietnam-Laos Friendship Through Comprehensive Security Cooperation
On August 27, 2024, Senior Lieutenant General Luong Tam Quang, Member of the Politburo and Minister of Public Security of Vietnam, led a high-level delegation to the Lao People’s Democratic Republic. The visit, made at the invitation of General Vilay Lakhamphong, Member of the Politburo, Deputy Prime Minister, and Minister of Public Security of Laos, coincided with the 18th ASEAN Ministerial Meeting on Transnational Crime in Vientiane.
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Enhancing Economic and Investment Relations Between Vietnam and Laos
Vietnam and Laos are striving for significant advancements in their economic and investment partnership. In the coming years, both nations aim to break new ground in cooperation by focusing on infrastructure development and connecting their economies more closely.
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Vietnam and Laos Foster Public-Private Partnerships for Infrastructure Growth
In the near future, Vietnam and Laos will enhance public-private cooperation to develop infrastructure and connect their economies, especially the Hanoi–Vientiane expressway and the Vũng Áng–Vientiane railway.
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Vietnam and Laos Explore the Use of Local Currencies for Trade and Investment
The central banks of Vietnam and Laos have recently held discussions to advance the use of their local currencies, the Lao kip and the Vietnamese dong, in bilateral trade and investment. The discussions, which took place during a professional workshop titled "Promoting the Use of Local Currencies between Laos and Vietnam," aim to reduce external risks by encouraging the use of the Lao kip and Vietnamese dong in commercial transactions and investments between the two countries.