Da Nang, Lao localities boost cooperation

09/09/2024 09:40
Email Print 6304
KPL (KPL/VNA) Secretary of the Party Committee of the central city of Da Nang Nguyen Van Quang on September 6 had a meeting with a delegation of the Lao National Assembly (NA) led by its Vice Chairman Sommad Pholsena.

(KPL/VNA) Secretary of the Party Committee of the central city of Da Nang Nguyen Van Quang on September 6 had a meeting with a delegation of the Lao National Assembly (NA) led by its Vice Chairman Sommad Pholsena.

At the meeting, Quang, who is head of the city delegation of NA deputies, briefed the guests on the city's recent socio-economic development and development orientations in coming time.

Notably, the Vietnamese NA issued Resolution No. 136/2024/QH15 on organising urban government and piloting a number of specific mechanisms and policies for city development, which allows Da Nang to consider forming the first free trade zone in Vietnam.

The zone is expected to connect trade between Vietnam and regional countries, including Laos, he said.

Quang added that the city is actively cooperating with Lao localities and strongly promoting the implementation of the Memorandum of Understanding between it and five provinces in South Central Laos.

In particular, Da Nang is also focusing on training high-quality human resources for Laos and granting more scholarships to Lao students.

The city commits to promote the exchange of experts in the fields of agriculture, forestry, industry and trade, and cooperation with localities in the East-West Economic Corridor, he said, adding that in the coming time, Da Nang will increase delegation exchanges and boost friendship exchanges with Lao localities.

For his part, Lao Vice NA Chairman Sommad Pholsena said that he is very interested in Da Nang's development process as well as the new directions and orientations of the Politburo and the National Assembly of Vietnam for the city, especially regarding the urban government model.

Lao localities wish to learn from Da Nang’s development models and experience, he stated, hoping that Da Nang will continue to have policies to support human resources training for the provinces of South Central Laos.

Previously, the Lao delegation paid visits to the Chu Lai Economic Zone, Truong Hai Group, and Hoa Tho Textile and Garment Joint Stock Company, during which Sommad Pholsena said he expects more businesses and economic groups in Da Nang and Vietnam in general will invest in Lao localities.

KPL

ຂ່າວອື່ນໆ

    • BFL and IFC Corporation Join Forces to Boost SME Financing in LaosEconomics

      BFL and IFC Corporation Join Forces to Boost SME Financing in Laos

      6/18/2026 8:53:29 AM

      A major new partnership between Banque Franco-Lao Ltd. (BFL Bred Group) and International Finance Corporation (IFC) is set to strengthen financial support for small and medium-sized enterprises (SMEs) across the Lao PDR, opening new opportunities for businesses that are vital to the country’s economic future.

    • Prime Minister Invites Greater Japanese Investment in LaosEconomics

      Prime Minister Invites Greater Japanese Investment in Laos

      6/14/2026 8:08:51 PM

      Prime Minister Sonexay Siphandone used the Laos–Japan Business Meeting in Tokyo to encourage greater Japanese investment in the Lao PDR, highlighting opportunities in clean agriculture, manufacturing, renewable energy, infrastructure, logistics, and related services.

    • ADB, LNCCI Launch New Report to Support Business Reforms and SME Development in Lao PDREconomics

      ADB, LNCCI Launch New Report to Support Business Reforms and SME Development in Lao PDR

      6/3/2026 12:02:57 PM

      The business environment in the Lao People’s Democratic Republic (Lao PDR) has shown modest improvement, but significant challenges remain in business registration, regulatory compliance and access to finance.

    • Chinese Investors Explore Opportunities in LaosEconomics

      Chinese Investors Explore Opportunities in Laos

      4/23/2026 12:23:04 PM

      A high-level delegation of Chinese investors has arrived in the Lao People’s Democratic Republic (Lao PDR) to explore significant infrastructure and business prospects, marking a deepening of economic ties between the two nations.

    • Lao PDR’s Economic Growth Moderates Amid External Risks   Economics

      Lao PDR’s Economic Growth Moderates Amid External Risks

      4/13/2026 2:25:04 PM

      Economic growth in the Lao People’s Democratic Republic (Lao PDR) is projected to slow to 4.0% in 2026, down from 4.4% in 2025, before picking up again to 4.5% in 2027, according to the Asian Development Outlook (ADO) April 2026 released today by the Asian Development Bank (ADB). Growth is expected to be supported by services, power generation, construction, and regional connectivity, amid elevated external risks.


Top