Vietnam, Laos deepen cooperation in finance, agriculture

Vietnam and Laos have agreed to step up cooperation in finance, agriculture, natural resources and environmental management, with a focus on sustainable agricultural development, forest protection and green energy.

Hanoi (VNA) – Vietnam and Laos have agreed to step up cooperation in finance, agriculture, natural resources and environmental management, with a focus on sustainable agricultural development, forest protection and green energy.

5.jpg
Illustrative image (Photo: VNA)

Receiving a delegation from Laos's Ministry of Agriculture and Environment led by Minister Linkham Douangsavanh in Hanoi on July 16, Finance Minister Ngo Van Tuan briefed the Lao side on Vietnam's socio-economic performance, noting that the country's agriculture sector expanded by about 4.8% in the first half of 2026, continuing to underpin the economy amid broader challenges.

He welcomed the progress in bilateral cooperation and proposed prioritising joint work on land planning and classification, irrigation rehabilitation and development, high-quality crop and livestock breeding, and human resource training, describing them as essential to enhancing agricultural productivity and sustainable development. Regarding a project on border forest planning, classification, management and protection, Tuan said it will strengthen bilateral cooperation and help preserve ecosystems and improve resilience to climate change and natural disasters.

On Vietnamese investment in Laos, he urged companies, including the Vietnam Rubber Group, to comply with environmental regulations, diversify crop production, reduce monoculture, expand deep processing to increase agricultural value, and explore cooperation in green energy generated from agricultural products.

Linkham said Laos' agricultural exports exceeded 1.8 billion USD from late last year to the first half of 2026, the highest level on record. He noted that more than 600 million USD in Vietnamese direct investment had played a major role in expanding rubber and cassava production while improving local livelihoods.

He also highlighted the success of Vietnamese-supported projects under Laos' ninth National Socio-Economic Development Plan, including irrigation rehabilitation in Xaysomboun, repairs to irrigation systems in Xiengkhuang and Houaphanh, agricultural land planning, and the establishment of high-tech agricultural extension centres.

For a modern and sustainable agriculture, the Lao side requested continued Vietnamese support for irrigation infrastructure, agricultural zoning in Xaysomboun, Borikhamxay, Khammouane and Attapeu, as well as training, technology transfer, crop, livestock and aquaculture development, and joint border forest management.

Laos endorsed the cooperation priorities proposed by the Vietnamese side and said it would continue working with the Vietnam Rubber Group to promote deep processing and increase agricultural value. It also expressed interest in expanding regional cooperation to tackle cross-border air pollution and haze.

The two sides agreed to strengthen cooperation agreements, expand exchanges and share experience across agriculture, finance, natural resources and environmental management.

Tuan said the Ministry of Finance will continue supporting agricultural cooperation between the two countries. He pledged to prioritise financial resources for joint projects while calling on Laos to ensure funding is managed efficiently and used for its intended purposes./.

en.vietnamplus.vn

Other News

Plan issued to develop agricultural logistics system

Plan issued to develop agricultural logistics system

A key target is that by 2030, all concentrated agricultural, forestry and fisheries production areas will have access to essential services, including product traceability, quarantine, testing, quality certification, processing and market development. The move reflects growing international demand for stricter food safety, quality and traceability standards, which have become increasingly important for agricultural exports.

Vietnam seeks stronger export growth in H2

Vietnam seeks stronger export growth in H2

Despite the encouraging performance, Vietnam's exports remain heavily dependent on a limited number of major markets and product groups, while the domestic value added of many export products remains relatively low because of their reliance on imported raw materials and components.

RoK picks Vietnam as K-Food logistics hub for ASEAN expansion

RoK picks Vietnam as K-Food logistics hub for ASEAN expansion

Demand for Korean food in Vietnam has continued to grow rapidly alongside the popularity of the Korean Wave, or Hallyu, making the country a strategic market in the RoK's plan to expand agricultural and food exports to ASEAN, the RoK's Ministry of Agriculture, Food and Rural Affairs said.

Nearly 68,000 smuggling, trade fraud, counterfeit cases uncovered in H1

Nearly 68,000 smuggling, trade fraud, counterfeit cases uncovered in H1

Authorities detected and handled 67,937 violations in the first half of the year, up 36.66% year-on-year. Budget revenue from enforcement reached nearly 9.65 trillion VND (nearly 367 million USD), an increase of 49.36%, while investigation was launched into 1,676 criminal cases involving 2,789 suspects.

Vietnam joins global push for energy efficiency

Vietnam joins global push for energy efficiency

Participation in the Montreal Declaration also provides a foundation for Vietnam to explore deeper engagement with the IEA's multilateral energy efficiency initiatives, offering opportunities to access data, policy experience, technical tools and public-private partnership models in energy conservation.

Vietnam's Q2 GDP rises 8.39% amid broad-based economic growth

Vietnam's Q2 GDP rises 8.39% amid broad-based economic growth

Releasing the country's socio-economic data for the second quarter and the first half of the year on July 3, NSO Director Nguyen Thi Huong said Vietnam sustained positive growth across most industries and sectors despite a challenging international economic environment.

Public-private partnerships drive low-emission rice farming

Public-private partnerships drive low-emission rice farming

Experts agreed that integrating nutrient management, biotechnology, mechanisation and digital technologies will enhance productivity, reduce greenhouse gas emissions and accelerate the transition towards greener, more sustainable rice production.

Vietnam's tilapia exports maintain strong growth

Vietnam's tilapia exports maintain strong growth

Vietnam's tilapia export revenue in the first five months of 2026 hit 62 million USD, more than doubling that in the same period last year, reflecting a strong recovery in international demand

Vietnam's domestic carbon exchange launched

Vietnam's domestic carbon exchange launched

The carbon exchange creates a mechanism that enables businesses to optimise emission-reduction costs through trading emission quotas and carbon credits, encourages technological innovation, and supports sustainable development while maintaining the principle of not sacrificing the environment for economic growth.

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.