Deputy Prime Minister Nguyen Xuan Phuc has just approved the basic contents of a joint project on increasing goods transport between Vietnam and Laos , which were proposed by the Ministry of Transport.
Deputy Prime Minister Nguyen Xuan Phuc has just approved the basiccontents of a joint project on increasing goods transport betweenVietnam and Laos , which were proposed by the Ministry of Transport.
The project outlines solutions to facilitate themovement of land vehicles between the two countries, helping improve theefficiency of trans-national and transit transport of goods and makefull use of the current road networks of the two countries.
It is hoped that the project will help to raise two-way trade to 2billion USD in 2015 and 5 billion USD in 2020, as well as increasingimport-export turnover of the Greater Mekong Sub-region (GMS) countriesand attracting more goods from Laos transiting Vietnam for export andvice versa.
Vietnam and Laos have seen theirtransport cooperation expanding since they signed an agreementfacilitating cross-border road transport in 2009 and a protocol toimplement the deal in 2010.
The two countries arealso members of a multilateral agreement on facilitating cross bordertransport of passengers and goods among the Mekong subregion nations.-VNA
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