Prime Minister proposes to raise the level of Vietnam - Laos economic connectivity

Prime Minister Pham Minh Chinh speaks at a special breakfast exchange between the three Prime Ministers of Vietnam, Laos and Cambodia with the ASEAN Business Advisory Council - Photo: VGP/Nhat Bac

Speaking at the event, Prime Minister Pham Minh Chinh emphasized that the three countries of Vietnam, Laos and Cambodia have a long-standing cultural and historical tradition, closely connected in terms of geography, history, tradition of fighting for national liberation, protecting independence and sovereignty , and in socio-economic development today.

The tradition of solidarity, attachment and mutual assistance between Vietnam, Cambodia and Laos is a valuable asset, the foundation for developing cooperative relations and mutual trust, and a key factor in promoting solidarity and attachment among the three countries.

Lao Prime Minister Sonexay Siphandone speaks at a special breakfast exchange between the three Prime Ministers of Vietnam, Laos and Cambodia with the ASEAN Business Advisory Council - Photo: VGP/Nhat Bac

In recent times, many trilateral cooperation mechanisms between Vietnam, Cambodia and Laos have been established and effectively promoted, contributing practically to the consolidation and development of cooperation between the three countries. In particular, economic-trade-investment cooperation has made strong progress, but is still not commensurate with the good political-diplomatic relations.

At the tripartite meeting on the occasion of this Summit, the Prime Ministers of the three countries agreed that economic-trade-investment cooperation needs strategic breakthroughs to match the stature of political relations and the potential and strengths of each country.

Appreciating the theme of this year's Summit, "ASEAN: Promoting Connectivity and Resilience", the Prime Minister hopes that the business community of ASEAN countries will continue to cooperate, support and contribute to helping the three countries of Vietnam, Laos and Cambodia raise their economic ties to the same level as their geographical, historical and political-diplomatic ties.

The Prime Minister said that the Vietnamese Government is committed to working with the Lao and Cambodian Governments to create the most favorable conditions for businesses to come and cooperate, invest and do business - Photo: VGP/Nhat Bac

Specifically, promoting connectivity between the three economies in five areas: Soft connectivity (building institutions, mechanisms, and policies to promote the unique potential, outstanding opportunities, and competitive advantages of the three countries and each country); hard connectivity, especially transport connectivity, including aviation, roads, railways, inland waterways, and sea routes; trade connectivity (promoting complementary advantages, forming production and supply chains linked to global and regional supply chains); connecting digital infrastructure and energy infrastructure; connecting businesses.

Prime Minister Pham Minh Chinh said that the Vietnamese Government is committed to working with the Lao and Cambodian Governments to create the most favorable conditions for businesses to cooperate, invest and do business in the spirit of "listening and understanding together; sharing vision and action together; working together, enjoying together, winning together and developing together; sharing joy, happiness and pride" with the three countries and three peoples.

Source: https://baotainguyenmoitruong.vn/thu-tuong-de-nghi-nang-tam-ket-noi-kinh-te-viet-nam-lao-campuchia-381410.html