Vietnam And Laos Share Experiences In Economic Development

	Vietnam, Laos Share Experiences In Foreign Affairs
	Vietnam, Laos Boost Defense Cooperation

In his opening remarks, Politburo member Nguyen Xuan Thang, chairman of the Central Theoretical Council, discussed Vietnam's key achievements after nearly 40 years of implementing the Renovation process and shared lessons learned in building an independent and self-reliant economy. He also highlighted principles and policies for developing a socialist-oriented market economy in Vietnam.

Thang encouraged delegates to examine key issues such as building and perfecting institutions for developing an independent economy, ensuring the balance between the economic, social, and environmental factors, and combining national strength with the power of the era. He emphasized the necessity of developing human resources, promoting the role of both state-owned and private enterprises, and managing the dialectical relationship between independence, self-reliance, and international integration.

Delegates attending the theoretical workshop in Luang Prabang, northern Laos, on November 28. (Photo: VNA)

The official also introduced new policies of the Communist Party of Vietnam to prepare for entering a new era - the era of robust development for Vietnam.

Politburo Member and Deputy Prime Minister Kikeo Khaykhamphithoun of Laos reaffirmed the Lao People’s Revolutionary Party’s commitment to enhancing independence, self-reliance, and self-strengthening while introducing Laos’ key achievements and major tasks ahead in building an independent and autonomous economy.

Delegates from both sides exchanged views, discussing theoretical and practical aspects of building an independent economy. They further clarified issues such as renewing thinking and enhancing internal capacity to develop an independent economy, improving the investment environment to build trust with both domestic and foreign investors, and leveraging resources and motivation to build an independent economy.

Other issues include promoting the role of the state economy, diversifying markets, and enhancing the economy’s adaptability in the context of deep international integration.

The delegates held that building an independent economy in Vietnam and Laos requires in-depth analysis, meeting the actual development of each country. They agreed to continue studying and exchanging ideas effectively on both theoretical and practical aspects of the issues raised in the workshop to maximize its effectiveness.

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