The conference was an annual event of Vietnam’s Ministry ofIndustry and
Trade, and the Ministries of Industry and Commerce, and Energy andMines of
Laos. It was an occasion for the sides involved to clear hurdles toand reach
agreements on solutions to boost their cooperation.
Within the framework of the event, on August 17,
Minister ofIndustry and Trade Tran Tuan Anh, who was head of the Vietnamese
delegation, heldtalks with his Lao counterpart Khemmani Phonsena.
Anh highlighted positive impacts of the Vietnam –
Laos tradeand border trade agreements which have contributed to the average
annual tradegrowth of 10 percent and the completion of goals set at the 41st
meeting of the Vietnam – Laos intergovernmental committee.
He said the Vietnamese Ministry of Industry and
Trade held aconference to review three-year implementation of the border
trade agreementand pointed out a number shortcomings raised by enterprises
such astime-consuming origin checks and customs clearance at border gates
andquarantine work causing difficulties to firms.
The minister also pointed to obstacles facing
PetrolimexLaos, a subsidiary of the Vietnam National Petroleum Group (Petrolimex),
due tothe host nation’s regulations on petrol and oil standards and retail
The Lao minister said both sides will work closely
to clearsuch problems.
The same day, the Vietnamese minister had talks with
LaoMinister of Energy and Mines Khammani Inthilath, where both lauded
thesignificant achievements of bilateral cooperation between the two
countries inthe field of energy and mining.
Vietnam and Laos signed a cooperation agreement
ondeveloping energy and mining projects in February 2019 after two years
ofnegotiations. The sides also signed electricity trading contracts
andestablished the Luangprabang energy limited company to continue
implementingtheir Luang Prabang hydropower project, providing favourable
conditions for theimprovement of Laos’ grid capacity and the operation of
Vietnamese-fundedelectricity projects in Laos to sell power for the
Anh said his ministry is willing to share its
experience onrunning the information portal with the Lao Ministry of Energy
and Mines andhelp the body build its management system for electronic
For his part, the Lao minister mentioned the
possibility ofpower purchase from the thermal power projects in Sekong and
Khammuan provincesof Laos, as well as a wind power project in Sekong, among
Regarding these projects, Anh said the Vietnam
Electricity(EVN) group has been assigned to negotiate with Lao contractors
on relevantcooperation options, prices, and electricity capacities and
outputs in linewith both sides’ regulations and benefits.
At these talks, the two sides agreed to amend the
Vietnam –Laos trade and border trade agreements; build a plan for the
implementation ofthe revised Vietnam – Laos cooperation agreement on
developing energy andmining projects; and design and negotiate a memorandum
of understanding ondeveloping and connecting the two countries’ border trade
They also agreed to collaborate in carrying out
research ongrid planning and electricity prices for trade between the two
They said Vietnamese and Lao businesses will be
facilitatedto launch and join trade promotion activities in their respective
nations,while bilateral power plant and electricity trade projects will be