Vietnam – Laos relationship plays a leading role in Laos’ socio-economic development in 2011 – 2015 period

16/12/2015


In the context of complex and unpredictable changes which the international and regional situations have undergone in the 2011 - 2015 period, under Lao People’s Revolutionary Party’s sound leadership and Government’s sensible management, Laos has gradually overcome the difficulties and attained a number of promising achievements in socio-economic development.
The most significant political achievements which the Lao Party, State and people have accomplished in the last 5 years are the unceasingly strengthening of people’s democratic regime, maintenance of socio-political stability, and improvement of people’s life standards. These results are brought about by the efforts of Lao Party and its governments at all levels, as demonstrated by their focus on improving the political system towards building a State of people and for people. The National Assembly, as the representative of the citizens’ legitimate rights and interests, has frequently held discussions with the constituents, timely addressed their legitimate petitions, listened to criticism to develop and amend the laws with the view to both following the Party’s policy and meeting the reality of life. Moreover, the authorities from the central to local levels have attached special attention to management tasks: macro-management, state management, and social management based on the rules of law. In addition, they have reformed the administrative procedures, strengthened the delegation and devolution from the central to local levels, and improved the coordination mechanisms between agencies and between the central and local governments.
Thanks to the flexible and sound development policy, even though encountering an array of difficulties, especially the successive natural disasters and the impact of global economic crisis, in overall the country’s economy has still developed at a fast and steady pace in 2011 - 2015. Due to the policy of encouraging manufacturing and implementation of millennium development goals, its economic growth has reached and surpassed the set target at an average of 8%/year. Notably, the 2014-2015 GDP reaches 102.320 billion kip (12,65 billion USD), while the average per-capita income is at 1.844 USD/person/year. Poverty alleviation has also met with breakthrough success. The economic structure is changing towards developing agricultural production in line with processing industry and service, as well as moving in the direction of industrialization and modernization, focusing on making a breakthrough in areas with advantages such as increasing hydroelectric energy generation by three times. Additionally, the socio-economic infrastructure has been developed robustly.
          Utilizing the opportunities in combination with the political determination of the Lao Party, State and people in the last 5 years has helped Laos achieved various auspicious results in socio-economic fields, contributing to heighten its role and position in the regional and international arenas.
These achievements can not be told without regarding to Vietnam – Laos cooperations. Reviewing what had achieved in 2011 – 2015, we all agree that the two countries’ traditional friendship, special solidarity and comprehensive cooperation have constantly been promoted in a practical manner.
Political ties have been increasingly bolstered and consensus has been shared at regional and international cooperation forums, they said, pointing to the efficiency of annual meetings between the two countries’ Political Bureaus and the Intergovernmental Committee. 
The two countries have worked closely in defence and security and in building their shared border of peace and comprehensive development, contributing to safeguarding their political stability and social order, they agreed. 
Vietnam has so far licensed 258 projects investing in Laos with a combined capital of around 5.36 billion USD. The figure included 14 projects that were newly licensed and had their capital added by a total sum of 1.16 billion USD over the past 11 months. 
Trade has grown as the two countries signed a new bilateral trade pact, a border trade agreement and are working on a master border trade development plan. Both signed a memorandum of understanding on a cooperation strategy in transport for 2016-2025 with a vision towards 2030. 
Cooperation in education and human resources development continued to be prioritised, the officials stressed.
Over the past five years, Vietnam has given 3.1 trillion VND in aid to Laos to support the latter’s training. Apart from the official aid, Vietnamese ministries, sectors, localities and businesspeople have together provided Laos with 6.3 trillion VND. 
For 2016-2020, the two countries need to reinforce the political relations and the exchange of visits in various forms in order to promptly learn and address problems arising during the implementation of cooperation agreements.
Vietnam will support Laos during its ASEAN Chairmanship in 2016 as well as work together with the neighbor closely at multilateral frameworks, especially in the formation of the ASEAN Community on December 31, 2015./.
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All comments [ 15 ]


Deck Hero14 16/12/15 21:45

The special ties, fostered by President Ho Chi Minh and President Kaysone Phomvihane with the two countries’ leaders and people further embracing, is the rule for the development of each country’s revolution.

Pack Cassiopian 16/12/15 21:46

The relationship is exemplary, faithful, durable and rarely found in international relations.

Only Solidar 16/12/15 21:48

Cooperation mechanisms, particularly at the highese level, between the two countries have been worked out regularly and effectiveness. The two sides signed and implemented bilateral agreements on economic, cultural, scientific and technological cooperation.

Love Peace 16/12/15 21:49

The two countries will further consolidate and develop their traditional friendship, special solidarity and comprehensive cooperation to a new height, contributing to boost peace, stability, cooperation and development in the regional as well as in the world.

John Smith 16/12/15 21:50

Laos' government has achieved many development goals in 2011-2015 period, a lesson for all.

Jane smartnic 16/12/15 21:51

The traditional friendship and special solidarity between the two Parties, States and peoples will see new dynamic, effective and practical developments.

MaskOf Zero 16/12/15 21:52

Vietnam always considers the special relationship between the two countries as an invaluable treasure of both nations

Gentle Moon 16/12/15 21:54

Looking back at the development of the relations of Viet Nam and Laos from the period of struggle for national independence to national construction, international integration and advancing to socialism, it is possible to see that each step forward, each victory of the each country has been closely associated with the development of the traditional friendship, special solidarity and comprehensive cooperation between the two countries.

yobro yobro 16/12/15 21:55

Currently, Viet Nam is the second biggest investors in Laos with more than 400 projects and total prescribed capital of almost US$ 5 billion.

LawrenceSamuels 16/12/15 21:57

In the areas of cooperation, we can say that both Parties pay very special attention to education and training. Every year, about 50 percent of Vietnam’s development aid for Laos is allocated to education and training cooperation.

Funny Day 17/12/15 06:57

Vietnam and Laos are brothers that helped each other in difficult time and in the development and defence of the country

erica black 17/12/15 06:59

The two countries have worked closely in defence and security and in building their shared border of peace and comprehensive development, contributing to safeguarding their political stability and social order

Jack Walker 17/12/15 07:04

Viet-Laos has been seen as the closest and most intatate relationship in the world

Evans David 17/12/15 07:05

Over the past five years, Vietnam has given 3.1 trillion VND in aid to Laos to support the latter’s training

Williams Melanie 17/12/15 07:06

Vietnam will support Laos during its ASEAN Chairmanship in 2016 as well as work together with the neighbor closely at multilateral frameworks

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