At the  42nd meeting of the Vietnam-Laos Intergovenrmental Committee (Photo: VNA)

The two leaders expressed their delight at the development of the great friendship, special solidarity and comprehensive cooperation between Vietnam and Laos in all areas. The political ties and cooperation in defence – security have been strengthened, contributing to maintaining political stability and social order and security in each country. The two-way trade between Vietnam Laos hit 1.2 billion USD last year, up 12.5 percent. Vietnam remained a big foreign investor in Laos with nearly 430 projects with combined capital of nearly 5 billion USD.

The two sides agreed on cooperation orientations for 2020, with a focus on politics, external affairs, defence, security; strengthening experience sharing in building policies on stabilising macro-economy stability and promoting sustainable development. The two nations will coordinate to improve business and investment environment, and transport infrastructure connectivity, while creating more favourable conditions for businesses and striving to expand two-way trade by 10 to 15% this year.

The two PMs witnessed the signing ceremony for important cooperation documents.