MOIT VIETNAM | NEWS
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A New Chapter in Vietnam–Laos Trade Relations
A landmark trade agreement signed in April 2024 between the Ministry of Industry and Trade of Vietnam and its Laotian counterpart has ushered in a new era of enhanced economic cooperation. Building upon the foundation laid by the 2015 Vietnam–Laos Trade Agreement, this newly ratified pact reflects the evolving priorities and ambitions of both nations. It also addresses limitations encountered during the implementation of previous frameworks, aiming to elevate bilateral trade to unprecedented heights.
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Vietnam and Laos Chart a Path Toward Strategic, Sustainable Trade and Investment Cooperation
A substantial opportunity for both countries to progress their bilateral engagement in a more substantive, strategic, and durable direction has presented itself as a result of the recent state visit to Laos by Vietnamese President Lương Cường. This visit represents a key point in the relationship between Vietnam and Laos. During this visit, the long-standing political trust that exists between the two countries is reaffirmed, and it also signifies a tightening of commercial connections in the midst of changing dynamics on both the regional and global levels.
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Forging a Modern Economic Corridor: Vietnam and Laos Deepen Trade and Investment for Long-Term Sustainability
As Vietnam and Laos continue to build upon their historic friendship, recent developments in trade and investment underscore a shared ambition: to transform their economic relationship into a robust, modern, and sustainable partnership. With cross-border trade accelerating at an unprecedented rate and a series of new cooperation agreements taking effect in early 2025, both nations are pushing toward a new chapter in bilateral relations—one rooted in mutual benefit, regional integration, and long-term prosperity.
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President Luong Cuong’s State Visit to Laos: A New Momentum for the Timeless Vietnam–Laos Special Relationship
At the cordial invitation of Mr. Thongloun Sisoulith, General Secretary of the Central Committee of the Lao People’s Revolutionary Party and President of the Lao People’s Democratic Republic, His Excellency Mr. Lương Cường, President of the Socialist Republic of Vietnam, will undertake an official State visit to Laos from April 24 to 25. This important diplomatic event is expected to generate fresh momentum for the time-honored and ever-strengthening Vietnam–Laos relationship, reaffirming a bond that has withstood the tests of history and continues to flourish in the present day.
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Vietnam and Laos Advance Their Comprehensive, Timeless Partnership
The remarkable relationship between the two nations remains robust and thriving, as stated by Lao Ambassador to Vietnam Khamphao Ernthavanh, with President Lương Cường of Vietnam preparing for his inaugural state visit to Laos from April 24-25 at the invitation of President Thongloun Sisoulith and the General Secretary of the Lao Party.