ECO 4451: INTERNATIONAL TRADE
Final Term Report
VIETNAM & LAO PDR TRADE
(Based on: 2007 - 2009 data collections concerning: Diplomatic & Trade Relations)
Dao Thi Bich Thuy
1. Nguyen Thi Thu Anh
2. Nguyen Thi Ha Ngan
3. Hoang Thu Trang
4. Nguyen Thu Trang
5. Nguyen Duc Truong
Hanoi, December 15, 2010
TABLE OF CONTENTS
VIETNAM & LAO PDR RELATIONSHIP BACKGROUND2
INTERNATIONAL TRADE DEVELOPMENT3
Viet - Lao Trade Policies4
Current Economic Situations6
VIETNAM OPPORTUNITIES AND THREATS12
Trade and Investment Opportunities12
Trade Development Threats15
VIETNAM FUTURE PLAN16
Exploitation & Restoration Plan16
Investment in Lao Education18
Investment in Lao Infrastructure19
Image building of Vietnamese Products19
Policies Reformation Advocacy20
VIETNAM – LAO PDR RELATIONSHIP BACKGROUND
Vietnam and Laos are two neighboring countries, which have established and developed a long–term relationship during their thousand-year histories of national constructions and defenses. Specifically, in the time of colonialism, the Viet-Lao alliance was set up by the two nations to fight against their common enemy - The European Colonists.
Later on, with the supports of this alliance, both countries became independent. Vietnam declared itself to the world in 1945 and then freed Laos from the colonists five years later. On September 5, 1962, after the establishment of Lao People’s Democratic Republic, Vietnam and Laos took a further step by officially establishing their diplomatic relations.
Vietnam and Laos relations, thus, revolved to a new stage of special friendship, solidarity and comprehensive cooperation between the two Socialist Parties and States. Since then, the special relations between the two countries have been constantly strengthen and evolved.
Politically, the two countries are tied together by a firm and bilateral foundation. Based on which, annual Agreements on Economic, Cultural, Science and Technology Cooperation are formed and approved by the cooperation framework between the two Governments.
Leaders from the two Parties, States, Parliaments, Governments and localities meet regularly to conduct the cross–nation committees’ discussions for more open polices between LPDR and Vietnam. Particularly, recent official visits by Mr. Choumaly Sayasone, Secretary General of the Central Committee of the Lao People's Revolutionary Party and President of LPDR to Vietnam on June, 2006 and by Mr. Nong Duc Manh, General Secretary of the Communist Party of Vietnam during April, 2009 have paved the way to a new era of mutual gains between the two countries.
Evidences are the bilateral agreements signed by the two states:
✓ 1977: Friendship and Cooperation Treaty 1977
✓ 2001: Agreement on Cooperation for the period of 2006 – 2010 and Strategy on Economic, Cultural and Science and Technology Cooperation.
✓ 2001: A Joint Statement - which providing the guidelines for the bilateral special relations
Since then, close coordination and cooperation between the two countries have been enhanced in numerous regional and international fora, such as the United Nations, the Association of Southeast Asian Nations (ASEAN), the Ayeyawady-Chao Phraya-Mekong Economic Co-operation Strategy (ACMECS), the Greater Mekong Sub-region (GMS), the Cambodia-Laos-Myanmar-Vietnam Sub-regional Co-operation and the Vietnam-Laos-Cambodia Development Triangle. This has contributed to raise each country’s status and prestige in the region and the world.
INTERNATIONAL TRADE DEVELOPMENT
Laos and Vietnam have been strategic trade partners every since both countries are under the...