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Vietnam, Laos, Cambodia vow to boost trade

Released at: 17:56, 25/11/2014

Vietnam, Laos, Cambodia vow to boost trade

PM Dung and his Lao and Cambodian counterparts target raising trade volumes by 2015.

by Hoang Vu

Prime Minister Nguyen Tan Dung met with Lao PM Thongsinh Thammavong and Cambodian PM Hun Sen on November 24 on the sidelines of the 8th Cambodia-Laos-Vietnam (CLV) Development Triangle Summit.

At his meeting with the Laos PM, PM Dung and his Lao counterpart expressed their pleasure at the developments of bilateral ties in all fields as well as the coordination between the two countries' ministries, agencies and localities in realizing agreements reached at the 36th session of the Vietnam-Laos Intergovernmental Committee for Economic, Cultural, Educational, Scientific and Technological Cooperation, held earlier this year.

Both vowed to continue cooperation in launching strategic connectivity projects in the time to come and to conclude negotiations on a new free trade agreement in a bid to raise two-way trade to $2 billion by 2015. They also exchanged views on issues of regional concern and agreed to step up coordination in ASEAN and other regional and sub-regional mechanisms.

Meanwhile, at his meeting with his Cambodian counterpart, PM Dung and PM Hun Sen affirmed their determination to raise two-way trade to $5 billion by 2015, agreeing to maintain exchanges of delegations at all levels and spur cooperation in the areas of economics, trade and investment, and security and defense. They also reiterated the principle of not allowing any hostile force to make use of the territory of one country to harm security and interfere in the internal affairs of the other.

PM Dung and PM Hun Sen also praised the efforts of agencies in the two countries regarding border demarcation and underlined their determination to quickly fulfill the task and contribute to building a borderline of peace, stability, cooperation and development. They were unanimous in creating favorable measures and granting equal treatment for overseas Vietnamese and Cambodians and ensure their legitimate rights. The two sides also took the occasion to talk about regional and international issues of common concern, agreeing to strengthen cooperation at multilateral forums like the UN, ASEAN, and regional and sub-regional cooperative mechanisms.

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