Officials and entrepreneurs from Vientiane, Laos, had a working session with Ho Chi Minh City’s Investment and Trade Promotion Centre (ITPC) on September 13, aiming to boost bilateral trade.
Visitors to the Vietnam-Laos trade fair in Vientiane in 2015 (Photo: VNA)
Hanoi (VNA) – Officials and entrepreneurs from Vientiane, Laos, had a worki🦄ng session with Ho Chi Minh City’s Investment and Trade Promotion Centre (ITPC) on September 13, aiming to boost bilateral trade.
Berlin Phetchantharath, Director of Vientiane’s department of industry and trade, said through this visit, the Lao delegation wants to guide development of trade with the Vietnamese southern hub and to help Vientiane businesses seek partnerships.
The Lao capital plans to develop its retail network and wants HCM City enterprises to build supermarkets and trade centres there, he added.
ITPC Deputy Director Ho Xuan Lam promised his centre will support Vientiane and HCM City companies in popularising Lao goods among local consumers.
In the short-term, the ITPC will use part of its showroom on the downtown street of Nguyen Hue for Lao firms to display products. It will also help the Lao side organise a pavilion at a high - tech agriculture and food processing fair (Hi - Tech Agro) which will be held in HCM City this November, he said.
Trade between HCM City and Laos exceeded 6 million USD in 2015, according to the Sai Gon Giai phong (Liberated Saigon) daily.-VNA
The trade treaty signed between Vietnam and Laos in March 2015 and the border trade agreement inked in June 2015 offer special tariff preferences for the two nations’ businesses.
Leaders of the central province of Thua Thien-Hue and Laos’ Savannakhet province have agreed to further strengthen bilateral links, especially in tourism and education.
Vietnam always gives the top priority to the special solidarity with Laos, considering this an invaluable asset in need of being preserved and developed, Prime Minister Nguyen Xuan Phuc has said.
The Steering Committee for Central Highlands Region and the Lao Central Committee for Rural Development and Poverty Eradication shared their experience during a meeting on September 13.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Visitors to the Vietnam-Laos trade fair in Vientiane in 2015 (Photo: VNA)
