Hanoi: Prime Minister Pham Minh Chinh has reiterated Vietnam’s readiness to share its experience in reforming and restructuring State-owned enterprises (SOEs) with Laos, including legal frameworks, management processes, and approaches to capital mobilisation and investment management. The PM received a delegation from the Lao People’s Revolutionary Party (LPRP) Central Committee’s Commission for State-owned Enterprise (SOE) Reform, led by Saleumxay Kommasith, Politburo member, Deputy Prime Minister and head of the commission, in Hanoi on August 13.
According to Vietnam News Agency, the meeting underscored the strong bilateral ties and mutual support between Vietnam and Laos in economic matters. Prime Minister Chinh expressed Vietnam’s commitment to assist Laos in enhancing the efficiency and competitiveness of its SOEs by sharing valuable insights and successful practices from Vietnam’s own reform journey.
The discussions also highlighted the potential for both nations to strengthen their economic cooperation by leveraging shared experiences and expertise in managing State-owned enterprises. The Lao delegation, led by Saleumxay Kommasith, expressed appreciation for Vietnam’s willingness to support Laos in this critical economic sector.
Saleumxay Kommasith conveyed the importance of drawing lessons from Vietnam’s experiences to address challenges and improve the performance of Laos’ State-owned enterprises, which are key drivers of the country’s economic development. The ongoing collaboration between the two countries reflects a broader strategy to foster regional stability and growth through shared economic initiatives.