Photo credit: Travel and Tour World
In a significant move to enhance their cultural and tourism cooperation, Viet Nam and Laos held a series of discussions this week to solidify their partnership.
Viet Nam is set to begin construction of a new 417-kilometer railway line connecting the northern port city of Haiphong to Kunming, People’s Republic of China (PRC), via Hanoi and Lao Cai Province. The initiative, with an estimated investment of about US$11 billion, aims to bolster trade and tourism between the two countries by enhancing connectivity and facilitating smoother transportation of goods and people.
Photo credit: Bank of Lao PDR
On 9 January, Laos and Viet Nam officially launched a cross-currency transaction service, connecting their cross-border retail payment systems via QR codes.
Greater Mekong Subregion Secretariat
Regional Cooperation and Operations Coordination Division,
Southeast Asia Department, Asian Development Bank
Address: 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines
Telephone: +63 2 8632 4444 Fax: +63 2 8636 2226