Vietnam, Laos, Cambodia to sign transport agreement

A three-way road transport agreement between Vietnam , Laos and Cambodia will be signed in June, said a Vietnamese transport official.

This was announced by Deputy Transport Minister Le Manh Hung at the first working-level meeting on the tripartite agreement held in the southern province of Binh Phuoc on April 1.

The agreement will build a legal framework for the flow of the transport of goods and commodities among the three countries, said Hung.

At the meeting, the three countries’ transport leaders agreed that the negotiating and bringing the agreement into reality will facilitate transport, trade and investment as well as stimulate local and regional economies in the development triangle of Vietnam, Laos and Cambodia.

The three countries’ representatives agreed in principle to the content of the agreement and laid out steps for future negotiations.

They also considered special preferential mechanisms for commodities, people and vehicles in the development triangle.

Vice Chairman of the Binh Phuoc Provincial People’s Committee Bui Van Thach said that once the agreement becomes effective, it will also facilitate tourism from Binh Phuoc to Cambodia and Laos .

Vietnam has provided preferential credits to help Laos build Highway 18B connecting Attapu province with the Vietnam-Laos border and to help Cambodia’s Highway 78 linking Rattanakiri province to the Vietnam-Cambodia border.

Vietnam signed bilateral road transport agreements with Laos and Cambodia and the three countries signed a number of regional agreements in the field./.

Tags: Vietnam transportation