A Ministry of Finance report states that the Vietnam–Laos cooperation plan agreement, which was implemented between January and August, has achieved its objectives and produced significant outcomes.
With an emphasis on energy, mining, and transportation services, Vietnam's registered investment capital in Laos amounted to 322 million USD, which is six times more than it was during the same period in 2024.
Vietnamese companies have invested in 274 projects in Laos so far, totaling 5.82 billion USD in registered capital and around 3 billion USD in realized capital. A large number of these initiatives are functioning efficiently.
Projects supported by Vietnamese aid to Laos have proceeded according to plan. Numerous projects have already been finished, turned over, and put into operation as a result of the active coordination of project owners on both sides.
Two of the Vietnamese government's initiatives for the Lao equivalent are anticipated to be finished by 2025. One of the five current projects has already been completed, while the other four are scheduled to be completed in 2026.
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Three of the four ongoing projects are planned to be finished between 2027 and 2029, while the fourth is anticipated to be finished in 2026. The parties are also attempting to finalize procedures and obtain clearance for three new projects.
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Dung assigned the Ministry of Construction to investigate the viability of a railway route during the meeting. To encourage private companies to invest in transmission line expansion, the Ministry of Industry and Trade was asked to carry on the conversation with Laos in order to assess the viability of an oil storage project, report and suggest alternatives if more appropriate, and think about increasing the volume of electricity imported from Laos while modifying import pricing structures.
He said that in order to determine whether a route from Vientiane, the capital of Laos, to Thanh Thuy, in the Phu Tho province of Vietnam, is feasible, the Ministry of Finance will work with other ministries and report back to the government.
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Additionally, money will be quickly allocated for the Laos-Vietnam Nam Friendship Hospital's construction. The deputy prime minister emphasized that the hospital and the Laos-Vietnam friendship park would be opened on December 19.