7th summit of CLV development triangle opens

The 7th summit of the Cambodia-Laos-Vietnam (CLV) Development Triangle was held in Vientiane on March 12.

Vietnamese Prime Minister Nguyen Tan Dung chaired the meeting together with Lao Prime Minister Thongsing Thammavong and Cambodian Prime Minister Hun Sen, as well as representatives from the three countries’ ministries and branches.

Prime Minister Nguyen Tan Dung,Lao PM Thongsing Thammavong and Cambodian PM Hun Sen sign a joint statement (Source: VNA)

The three government leaders appreciated the efforts made by the triangle’s 13 provinces in socio-economic development despite the negative impact of regional and global economic slowdown.

They expressed determination to continue fostering comprehensive cooperation relations on the basis of equality and mutual benefit, and for the prosperity of each country.

At the meeting, Vietnamese Minister of Planning and Investment Bui Quang Vinh, who heads the Joint Coordination Committee for the CLV Development Triangle, presented a report on the implementation of the adjusted socio-economic development master plan for the Development Triangle Area in 2010-2020, and the Memorandum of Understanding on special preferential policies for the Development Triangle Area.

The report proposed a number of measures to enhance cooperation and attract more investment into the region.

PM Dung asked the joint committee to focus on implementing nine tasks, aimed at strengthening cooperation, increasing investment and trade, boosting socio-economic development and improving people’s living standards in the region.

At the end of the summit, prime ministers of the three countries signed a joint statement, affirming their commitment to improve living standards of people in the triangle’s 13 provinces and turn the area into a typical example of success in regional cooperation.


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