Laos, Vietnam and Cambodia further co-operation on development triangle

Leaders of Laos, Vietnam and Cambodia signed yesterday a Vientiane Declaration on strengthening the development triangle co-operation and approved the joint agreement of the fifth summit. These were a part of mechanisms to further their co-operation on development triangle area discussed at fifth summit of the Prime Minister Bouasone Bouphavanh of Laos, his Vietnamese and Cambodian counterparts Nguyen Tan Dung and Samdech Hun Sen in Vientiane on 26 November. At the summit, the joint co-ordination committee has also signed the MoU to build the policy for attracting and provision of facilities to promote trade, investment and tourism in which the mechanism has been asked to determine in order to realise the said MoU.

Mr. Bouasone Bouphavanh, Prime Minister of Laos has said that the signed agreements are very importance and significance because it would be a fundamental principle as well as the key reference for the member country to develop the development triangle area with sustainable, richness and prosperity manner. He added that in order to reach the goal of development triangle, the member country has to double work, particularly to increase the fund to develop the infrastructure and human resources.

During the event, the three sides has agreed to build the forum for business sector and propose to organise the meeting for leaders of three countries with business sector at the next summit. Laos and Vietnam has expressed thanks to Vietnamese government for its great assistance on human resource development. They also agreed to encourage the exchange visit of youth leaders from three countries and considered to organise the meeting for the youth leader of the three countries during the next summit.

On this occasion, the leader of the countries has unanimously agreed that the 5th CLV summit held in Vientiane on 26 November has reached with highest successful and met the target goals.

In addition, the three PMs agreed to propose the ASEAN Secretary - General to ask the Thai government to confirm the hosting of 14th ASEAN Summit.