Hanoi, Vientiane sign numerous cooperation MoUs
VOV.VN -Vietnamese and Laotian enterprises signed nine memoranda of understanding (MoUs) targeting a broad array of co-operation areas at a trade connection conference between Hanoi and Lao businesses held on November 24 in Vientiane.
The event was held by the Hanoi Department of Industry and Trade in collaboration with the Vietnam Trade Office in Laos and the Vientiane Department of Industry and Trade with the aim of introducing strengths, trade, and investment promotion opportunities between the two capital cities.
Accordingly, the agreements cover collaboration efforts in seed transfer, technology, the development of raw material areas, raw material purchases, and product consumption in an attempt to open up many business co-operation opportunities.
In his address, Nguyen Manh Quyen, vice chairman of the Hanoi municipal People’s Committee, said that over recent times trade co-operation between Hanoi and Laos has recorded fruitful results, with last year’s two-way trade reaching US$411 million.
Quyen affirmed that the conference was of significance to Hanoi’s enterprises to boost trade promotion, introduce brands and products, and connect trade between Vietnamese and Lao enterprises in the host country.
Participating firms shared their experience, demand, and co-operation potential to Laotian businesses, as well as introduced Hanoi’s traditional craft villages and their products. The two sides exchanged information and discussed to boost product consumption, and technology transfer.
Furthermore, a “Hanoi - Vietnam” booth was set up with the participation of 16 enterprises from the Vietnamese capital introducing agricultural products, food, garments and textiles, handicraft products, cosmetics, and OCOP (one commune one product) products in That Luang Festival and Vientiane Trade Exhibition 2023 from November 23 to November 27. It has captured the attention of local enterprises and consumers.
As part of this occasion, the Hanoi delegation visited a number of production facilities, supermarkets, and traditional markets in Vientiane to gain a better understanding about local people's needs and consumption habits, thereby seeking investment and business co-operation opportunities, introducing products, as well as studying and findin raw material growing areas in the neighbouring country.
