RELATIONS VIETNAM - LAOS:
1. Political relations:
- September 5, 1962, the Government of the Democratic Republic of
Vietnam and the Government of the Kingdom of Laos has established
diplomatic relations.
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When Laos was born December 2, 1975, Vietnam-Laos relationship has
moved into a new phase that is a relationship of friendship, special
solidarity and comprehensive cooperation between the two Parties and two
States. Since then, relations Vietnam-Laos special increasingly consolidated and developed.
2. Economic Cooperation cultural-scientific-technical:
-
The two sides established Intergovernmental Commission on economic
cooperation and cultural-scientific and technical Vietnam-Laos to
monitor and promote economic cooperation, cultural, scientific,
technical. The Committee meets once a year, alternating venues, so far has been 28 conference sessions.
-
Investor Relations, trade: import and export turnover was estimated at
687.8 bidirectional 2001-2005 million, the average 137.5 million / year,
of which Vietnam's trade deficit of 55.2 million dollars; In 2005 reached 165 million US dollars and 6 months of 2006 reached $ 115 million. The
two sides have carried out many measures to encourage the development
of investment and trade, such as the implementation of preferential
policies, open for investors from both countries, a 50% tax rate for
commodity imports originating
from each country, the construction of economic zones at border gates
and border markets ... so in the last two years, has increased the trade
turnover and the total investment value of the two sides. However, due to the small market in Laos, Thai and familiar goods of
Chinese goods flooding the market turnover Laos trade between the two
countries did not meet the wishes of the leaders of the two countries.
- In terms of transportation, convenient transportation Laos imports
and exports through the ports of Vietnam (including Vung Ang port) and
is actively deploying traffic network connection preparing for regional
integration.
September 2006