Quang described the delegation's Vietnam visit as an important and practical step in further deepening the special solidarity between Vietnam and Laos. He congratulated Laos on its achievements in implementing the Resolution of the LPRP’s 11th National Congress, and expressed his satisfaction at the increasingly substantive and effective cooperation between the two Parties and States across a wide range of fields.

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At the working session

He underlined that the exchange of experience in building socio-economic development policies, refining institutions and policies, and particularly in SOE reform, is a practical and significant approach that contributes to maintaining stability and fostering development in both countries.

Quang briefed the Lao delegation on the CPV and State’s key orientations, guidelines and policies for SOE restructuring and reorganization. He emphasized that SOE reform in Vietnam has always been conducted under the Party leadership, identified as a central task to strengthen the leading role of the state sector while promoting sustainable growth.

The host shared Vietnam’s experience in building a transparent and coherent legal framework, balancing state management with enterprise autonomy, modernizing governance mechanisms, and improving the capacity of managers and workers. He discussed the challenges encountered during the reform process and the lessons drawn from the Party’s leadership and guidance in practice.

For his part, Kommasith expressed his pleasure at visiting Vietnam and thanked Quang for sharing of valuable experience. He congratulated Vietnam on its historic achievements in the Doi Moi (Renewal) process, describing them as an inspiration for Laos, and voiced confidence that under the CPV’s leadership, the Vietnamese people will continue to secure new successes and advance into a new era of national development.

The Lao Deputy PM noted that Vietnam’s experience in SOE management and development shares many similarities with Laos’s circumstances, especially as the country accelerates economic reform and deepens international integration. He outlined Laos’s recent economic progress and the challenges it faces in SOE reform, stressing that Vietnam’s lessons in legal framework building, policy refinement, governance innovation and operational efficiency will be valuable for Lao enterprises.

Source: VNA