Myanmar President pledges to facilitate Vietnamese investment

Securing adequate power supply is an urgent priority and a prerequisite to successfully achieve socio-economic development goals 2026, a foundational year for accelerating progress, with breakthroughs to follow in 2027 and the goals for the full term to be delivered, said Prime Minister Le Minh Hung.

Vietnamese National Assembly (NA) President Tran Thanh Man and Chairman of the Standing Committee of the National People’s Congress (NPC) of China Zhao Leji called for more balanced and sustainable trade, high-quality investment, modern and coordinated railway connectivity, and stronger cooperation in science and technology.

The country needs more firms that master technologies, build trusted brands and run production networks able to compete globally. Progress over the next five to 10 years must show up in productivity, job quality and market position, said top leader To Lam.

Cambodian media devoted extensive coverage on October 10-11 to Prime Minister Le Minh Hung’s official visit.

To further consolidate the three pillars of political, material and social foundations underpinning ties between the two Parties and countries, NA President Man proposed maintaining exchanges at all levels, strengthening national defence-security ties, and supporting each other’s development and international standing.

National Assembly President Tran Thanh Man reaffirmed that the Party and State regard overseas Vietnamese as an inseparable part of the nation and are committed to mobilising their potential and supporting their legitimate interests.

Praising the model of bringing legislative work closer to grassroots communities, voters and the public in Nanmofang and Beijing at large, National Assembly (NA) President Tran Thanh Man said Vietnam attaches importance to legislative work in building a socialist rule-of-law state of the people, by the people and for the people. That includes listening to experts, intellectuals, businesses, voters and the general public, especially those directly affected by policies and laws.

As it updates its legal framework, Vietnam has also put in place rules governing digital technologies, personal data protection, cybersecurity, artificial intelligence and digital transformation. The country upgraded its National Legal Database and expanded digital platforms to broaden access to legal information, education and aid.

The outcomes of NA President Man’s visit and the second session will give the comprehensive strategic cooperative partnership new momentum in institutional mechanisms, substantive cooperation and regional coordination.

A key outcome of the visits was that PM Le Minh Hung and the two neighbouring countries' leaders worked with relevant ministries and agencies to basically resolve outstanding difficulties and obstacles during the implementation of several projects.

Vietnam–China relations have continued to develop, particularly following reciprocal visits by General Secretary of the Communist Party of Vietnam Central Committee and President To Lam and General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping.

The move shows the recognition of Vietnam’s recent efforts to improve its legal framework and policies and enhance enforcement in practice to create a favourable, transparent and stable business and investment environment in line with international standards and practices.

The leader stressed the necessity of building the Capital Armed Forces lean, efficient, strong, revolutionary, regular, elite, and modern, adding that strong political foundations must be used as the basis to elevate overall strength and combat readiness.

PM Le Minh Hung hailed the positive development of Vietnam–Cambodia neighbourliness, stressing the important role played by young people in strengthening solidarity, friendship and bonds between the two nations.

Prime Minister Le Minh Hung affirmed that the special relationship between Vietnam and Laos is not merely a relationship between the two Parties and the two States, but first and foremost a close, fraternal bond between the two peoples, painstakingly nurtured by generations of leaders and people of both countries.

The decisions issued at this meeting aim to strengthen leadership and implementation capacity and rally the strength of the entire nation, with the value of the plenum ultimately reflected in the issues addressed and improvements in people’s lives.

If resources are not fully utilised, Vietnam risks falling into the middle-income trap, with slower growth and large investment volumes producing relatively little output. Labour productivity and the TFP contribution could fall short of expectations, making double-digit growth harder to reach.

The visit provides an opportunity for the two Parties and Governments to reaffirm the special solidarity and faithful bond between Vietnam and Laos, a close relationship forged, tested and continuously nurtured throughout history. It also demonstrates the political resolve of the senior leaders of the two Parties and Governments to further develop the Vietnam–Laos special relationship in an increasingly substantive and effective manner.

PSNews — The Japan International Cooperation Agency (JICA) has identified four core pillars in its new support package assisting Vietnam's transition to a high-value growth model. Notably, the agency aims to foster "brain circulation" between Vietnam and Japan while expanding cooperation into economic security and sustainable development.

The two countries established diplomatic relations on September 5, 1962. On July 18, 1977, they signed the Treaty of Friendship and Cooperation, providing an important political and legal foundation for strengthening bilateral ties and supporting each country’s cause of national construction and defence.