At the event entitled Hanoi-Vientiane (Laos) Cooperation for Mutual Development, businesses from the two sides agreed to boost cooperation in manufacturing investment, tourism, transport, hotels, agriculture, and high-tech agriculture.

Director of Hanoi Centre for Investment, Trade, and Tourism Promotion (HPA) Nguyen Anh Duong said that the centre will organise programmes in Vientiane to create opportunities for businesses from the two countries to increase investment cooperation and tourism promotion.

At the conference in Hanoi on August 10

According to the Hanoi Department of Planning and Investment, in the first six months of 2022, Hanoi’s export turnover to Laos reached $74.8 million and the import value hit $98.3 million.

Since 2004, Hanoi has provided funding for localities in Laos to build facilities, thus contributing to a boost in socioeconomic development.

They include the Vientiane-Hanoi friendship vocational school, a clean water supply system in Xaysomboun town, and lighting systems in some areas of Vientiane.

Meanwhile, Lao businesses in the fields of commerce, real estate, banking and finance, automobiles, and others have so far invested about $8 million in Hanoi.

On the same day, an exhibition highlighting the solidarity and cooperation between the capital cities of Vietnam and Laos took place in Hanoi as part of the activities to celebrate the Vietnam-Laos Solidarity and Friendship Year 2022.