Russian President Vladimir Putin. (Photo: Quang Vinh/VNA)
In an effort to boost bilateral trade relations, Russia has proposed plans to expand shipping routes to Laos via Vietnamese ports, while developing a railway route through Chinese territory.
This information was announced by President Vladimir Putin after talks with Lao President Thongloun Sisoulith at the Kremlin on July 31.
According to a VNA correspondent in Moscow, this proposal was made in the context of Russia-Laos trade turnover recording an impressive growth of 66% in 2024, and continuing to maintain a growth momentum of nearly 20% in the first 5 months of this year.
The establishment of new shipping routes is expected to facilitate the transport of goods between the two countries.
During the talks, the two sides had in-depth discussions on many areas of economic cooperation. Laos expressed special interest in the application of nuclear technology outside the energy sector.
On the Russian side, enterprises are actively exploiting ferrous and non-ferrous metal mines in Laos, and are also studying the possibility of developing bauxite mines.
In the agricultural sector, Laos demonstrates diverse export potential with commodities such as rice, forest products, peanuts, cotton, tea, tobacco, corn, sweet potatoes and sugarcane.
The two sides also discussed prospects for cooperation in the textile and hydropower industries, taking advantage of Laos' abundant water resources.
The meeting was marked by the signing of important memorandums of understanding on cooperation in the fields of water resources management and protection, education, and a roadmap for cooperation in the use of nuclear energy for peaceful purposes in the 2025-2026 period./.
(Vietnam+)
Source: https://www.vietnamplus.vn/nga-de-xuat-mo-tuyen-van-tai-bien-den-lao-qua-cang-viet-nam-post1053058.vnp
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