Vietnam, Laos urged to bring trade revenue up 10 pct in 2017

By：Xinhua Update：2017-03-07

Vietnamese Prime Minister Nguyen Xuan Phuc on Monday urged his country and Laos to strive to raise their bilateral trade revenue by 10 percent this year.

Phuc made the proposal at a meeting with visiting President of Lao National Assembly Pany Yathotu in the capital of Hanoi.

According to Phuc, the two countries should continue to expand cooperation in security, defense, economics, trade-investment, and education-training, reported the Vietnamese government's e-Portal.

The Vietnamese prime minister suggested the two sides continue to remove obstacles in the implementation of Hanoi-Vientiane expressway, upgrade routes connecting East-West economic corridor, cooperate in a potassium mine in Laos' Khammouane Province, as well as implement two governments' deals on developing hydropower projects in Laos.

Yathotu, for her part, said at the meeting that more and more Vietnamese firms have been pouring money in Laos.

Laos is "active in supplementing and amending laws on investment promotion to create more favorable conditions for enterprises and investors, including those from Vietnam," said Yathotu.

The president of Lao National Assembly is visiting Vietnam on Sunday at the invitation of Vietnamese National Assembly Chairwoman Nguyen Thi Kim Ngan, with whom Yathotu held talks earlier on Monday.

Vietnam and Laos established diplomatic ties in 1962.