MOIT VIETNAM | NEWS
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/ News / Activities
Construction of Semi High-Speed Rail Project from Cambodia to Thailand, Laos, Vietnam Set to Begin
Cambodia is projected to build a 382 km long semi-high-speed railway, with an estimated cost of about 4 billion USD, from Phnom Penh, the capital, to Poipet, on the Thai border, by the end of 2024. The goal is to link Laos's Preah Sihanouk and Vietnam's Ho Chi Minh City with this railway once it's finished.
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Promoting Cooperation between Vietnam and Laos' Central Foreign Relations Committees
In a meeting on February 22, Comrade Thongsavanh Phomvihane spoke with the delegation on behalf of General Secretary and President Thongloun Sisoulith, Speaker of the National Assembly Saysomphone Phomvihane, and Deputy Prime Minister and Minister of Foreign Affairs of Laos Saleumxay Kommasith.
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The Export Situation from Vietnam to Laos
According to data recorded by the General Department of Customs, the export turnover of Vietnamese commodities to Laos reached 27.8 million USD by the end of January 2023. This figure represents a decline of 72.3% when compared to December 2022.
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The Intense International Rail Race: Vietnam vs. Laos vs. Thailand
A train with 19 refrigerated containers, totaling around 280 tons of fresh veggies, set off from Kunming (Yunnan, China) on February 7 and arrived in Bangkok 55 hours later. Thai fruits are scheduled to leave for China on an international train in the afternoon.
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Laos and Cambodia Embrace National Digital Currency, While Vietnam Awaits
A new digital currency called DLaK, short for "Digital Lao Kip," has recently been tested by the Central Bank of Laos (BOL). The aforementioned coin is the result of BOL's partnership with Soramitsu, a financial technology firm based in Japan.