THE BUSINESS TRIP TO LAOS BY MINISTER OF INDUSTRY AND TRADE NGUYEN HONG DIEN STRENGTHENS VIETNAM-LAOS FRIENDSHIP

Within the framework of a business trip to Laos from April 6-8, 2024, Minister Nguyen Hong Dien, along with a Vietnamese delegation, visited and conducted bilateral meetings with representatives from various Lao ministries in Vientiane. The trip was smooth, with many commitments and cooperation agreements signed, marking a new development in the trade relations between the two countries.
Aiming to further strengthen and solidify the profound friendship and comprehensive cooperation between Vietnam and Laos, the delegation led by Minister of Industry and Trade Nguyen Hong Dien had bilateral meetings with the Lao Minister of Energy and Mines, Prime Minister Sonexay Siphandone, and other leaders of Lao ministries to discuss opportunities for trade and service cooperation, market access for goods and minerals, and the sustainable development of the industrial, energy, and mining sectors. Both sides also assessed the overall situation and proposed solutions to current challenges, such as the application of digital transformation to promote trade between Vietnam and Laos.
During a business trip to Vientiane, Laos from April 6-8, 2024, Minister of Industry and Trade Nguyen Hong Dien had a meeting with Lao Prime Minister Sonexay Siphandone
On the first day, April 6, Minister Nguyen Hong Dien and the delegation met with Prime Minister Sonexay Siphandone to discuss the master plan for industrial and commercial development along the Vietnam-Laos border, focusing on issues such as the export of coal and electricity along the East-West Economic Corridor. Minister Nguyen Hong Dien and the Prime Minister deliberated on the cooperation plan between the Government of the Socialist Republic of Vietnam and the Government of the Lao People’s Democratic Republic for 2024, proposing the development of border trade infrastructure between the two countries to facilitate the transportation and circulation of goods and the development of logistics at border checkpoints/ports in Quang Tri and Thua Thien Hue provinces.
Here, Lao Prime Minister Sonexay Siphandone and Minister Nguyen Hong Dien discussed many key issues, including solutions to remove difficulties for coal and electricity exports.

 

In the afternoon of April 6, the Vietnamese delegation participated in a meeting between Minister of Industry and Trade Nguyen Hong Dien and Minister of Energy and Mines Phosay Sayasone. The Vietnamese side included the Ministry’s Office, the General Department of Market Management, the Trade Promotion Department, the Department of E-commerce and Digital Economy, the Department of Electricity and Renewable Energy, the Department of Electricity Regulation, the Import-Export Department, the Institute of Strategy and Policy on Industry and Trade, the Institute of Mechanical Research, and the Industry and Trade Newspaper. Additionally, major corporations such as Vietnam National Coal and Mineral Industries Group (TKV), Vietnam Oil and Gas Group (PVN), Vietnam Electricity (EVN), and Nguyen An Trade and Development Investment Joint Stock Company (NATRA) accompanied the delegation.
Overview of the talks between Minister of Industry and Trade of Vietnam Nguyen Hong Dien and Minister of Energy and Mines of Laos Phosay Sayasone

 

On the Lao side, Minister of Energy and Mines Phosay Sayasone, along with deputy ministers and leaders of departments and functional units of the Ministry of Energy and Mines and Lao energy and mining enterprises, were present. Minister Phosay Sayasone expressed the desire for the two countries to strengthen solidarity to build a self-reliant economy and integrate internationally. Laos always encourages Vietnamese petroleum, electricity, energy, and mining corporations to support professional training and invest in the infrastructure development of the potentially rich energy and mining sector in Laos.
In the industrialization era, the energy and mining sectors always play a crucial and urgent role in the industrial and agricultural production activities, serving as one of the pillars of the economy and stabilizing the economic and social life of the people. Minister of Energy and Mines Phosay Sayasone proposed that Vietnam quickly establish a working group to promote the issuance of the electricity purchase price framework from Laos after 2025, and simultaneously set up the Electricity Regulatory Authority, facilitating logistics for coal transportation through border checkpoints, and developing a mining map…
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