Vietnam, Laos, Cambodia strengthen triangle development

The fifth Conference of the Joint Coordination Committee for the Development Triangle of Cambodia-Laos-Vietnam (CLV) took place in Banlung City, Ratnakiri province (Cambodia), from March 16-18, opening new prospects for trade promotion among these countries.

Officials from the three countries and representatives of provinces in the triangle reviewed the results of the second meeting of the sub-committees for coordination between CLV provinces and agreed on modifications of the Memorandum of Understanding signed on November 26, 2008, which incorporated other provinces into CLV: Vietnam’s Binh Phuoc, Cambodia’s Kratie, and Laos’ Champasak.

The CLV conference also approved the proposal on establishing a list of CLV-originated goods that enjoy preferential taxes, and a joint technical sub-committee to devise policies and introduce incentives for more investment into CLV.

Participants in the event agreed that Vietnam will host meetings on the development of CLV tourism.

Previously, a CLV market was held in Banlung City on March 14-15, attracting businesses from CLV provinces.

Tags: Vietnam Cambodia cooperation, Vietnam Laos cooperation

Posted by VBN on Mar 19 2010. Filed under Int'l Cooperation. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry