Vietnam, Laos treasure fraternal friendship

View Original Source:  http://english.vovnews.vn/Home/Vietnam-Laos-treasure-fraternal-friendship/20118/129088.vov

(VOV) – The two countries attach great importance to promoting their special solidarity and raising comprehensive cooperation to a new height.

Lao Party General Secretary and State President Choummaly Sayasone is paying an official friendship visit to Vietnam from August 8-10 at the invitation of Vietnamese Party General Secretary Nguyen Phu Trong and State President Truong Tan Sang.

This is the first visit abroad by the Lao State leader after the success of the Lao People’s Revolutionary Party (LPRP)’s 9th National Congress and the 7th Lao National Assembly elections.

Mr Sayasone’s visit follows Mr Trong’s first visit to Laos two months ago in his capacity as General Secretary of the Communist Party of Vietnam (CPV).

The Lao leader’s visit takes place after the successful first session of the 13th NA that approved the senior positions in the legislative body for the 2011-2016 term.

The Lao State leader’s visit once again affirms the time-honoured fraternal friendship between Vietnam and Laos.

Vietnam praises Laos’ socio-economic achievements during its renewal process and its higher status in the region and the world.

Laos has fulfilled or surpassed all its socio-economic development targets over the past five years. In the first half of this year, its GDP rose 8.3 percent, inflation was controlled at 6.6 percent, and export-import turnover reached US$2 billion. The Lao Government approved 188 private and foreign investment projects with total capitalization of more than US$1 billion.

More attention has been given to reducing poverty in Laos in recent years. As a result, the poverty rate in the country has dropped to 20 percent. Laos aims to shed its status as an under-developed nation by 2020 with an average GDP growth rate of 7.5-8 percent and per capita income of US$1,800.

Laos continues to pursue its external affairs policy of peace, independence, friendship, cooperation, openness, in diverse, multilateral relations with other countries and territories based on mutual respect and benefit.

Laos, in return, also praised Vietnam’s socio economic achievements and the success of its 11th National Party Congress which devised strategic orientations for future development.

The 11th National Congress of the CPV and the 9th National Congress of LPRP affirm both countries’ guidelines and policies that attach great importance to strengthening the time-honoured friendship, special solidarity and comprehensive cooperation between the two countries, considering these invaluable assets and a key factor in ensuring the successful achievement of all targets for national protection and construction.

Vietnam remains one of the top three foreign investors in Laos with 248 projects worth US$3.1 billion.

Two-way trade between the two countries reached nearly US$500 million and is expected to hit US$2 billion by 2015,

In terms of education and training, more than 4,700 Lao cadres and students are currently studying in Vietnam while 420 Vietnamese cadres and students are studying in Laos.

Vietnam and Laos have exchanged information and worked closely together on international and regional issues at multilateral forums, including ASEAN, ASEAN+3, AIPA and the UN.

There is high hope that Lao Party General Secretary and State President Choummaly Sayasone’s visit will be successful, thus bringing the Lao-Vietnam relationship to a higher level.

More

Vietnam, Laos promote cooperation in theoretical study


VOVNews.vn

(VOV) – On August 9, Lao Party General Secretary and State President Choummaly Sayasone visited the Ho Chi Minh National Academy of Politics and Public …  MORE
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