Since its foundation on December 2, 1975, the Lao People’s Democratic Republic has obtained a number of enormous and comprehensive achievements, from economic, social, and diplomatic aspects to security - defense.

Over the past years, the Lao economy has recorded relatively stable growth, about 6.2 percent annually, while people’s material and spiritual lives have been improved. The country has continually promoted economic integration into and cooperation with the world, attracting more than 4,500 investment projects worth over USD 22 billion from 54 countries and territories.

A dancing performance at the celebration in Thai Nguyen province on November 27

Vietnam is currently the second largest investor in Laos, with over 400 projects with total capital of about USD 7 billion. Bilateral trade is estimated at USD 5 billion this year.

Besides, cooperation in education, training, and human resource development has also been expanded. There are about 14,000 Lao students at 140 schools in Vietnam now, including nearly 2,000 at high schools and higher-level educational establishments in Thai Nguyen.

At the celebration, Minister Counsellor of the Lao Embassy in Vietnam Chanthaphon said the two countries’ great friendship, special relations, and comprehensive cooperation, founded and nurtured by late Presidents Ho Chi Minh, Kaysone Phomvihane, and Souphanouvong, are the valuable heritage of both nations.

They have continued to be developed and become fruitful in all fields, from politics, defense - security, economy, culture, and health care to science - technology, by generations of the countries’ leaders and people, according to him.

Highlighting efforts to promote bilateral ties by the Vietnam-Laos Friendship Association of Thai Nguyen, Chairman of the association Nguyen Doan Kinh said this organization will continue helping to strengthen the two peoples’ friendship via communications about the countries’ special relations, assistance for Lao students in the province, and people-to-people exchanges.

Source: VNA