~ Le Viêt Nam, aujourd'hui. ~
The Vietnam News

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[Year 2002]

Lao president heads home from Vietnam

Lao President Khamtay Siphandone left Vietnam's boom town city of Ho Chi Minh Thursday at the end of a four-day visit aimed at boosting bilateral trade between the neighbours, officials said. On Wednesday the Lao leader had visited the birthplace of Ho Chi Minh, the founder of Vietnam's communists, in the central province of Nghe An, according to the foreign ministry.

In Vietnam's economic hub, Ho Chi Minh City, the Lao number one visited an economic university before meeting with several city leaders, sources said. While in the capital Hanoi, Khamtay met with Prime Minister Phan Van Khai and reasserted Lao's wish to develop "special solidarity" between the two countries especially in the areas of trade and economy. It was the first overseas visit for Khamtay since his re-election in April as head of the state and leader of the communist party.

Two of the last communist regimes in the world, Hanoi and Vientiane have boosted economic cooperation in the past years. But Laos is also seeking to strengthen its ties to China, which provides significant financial aid to Vietnam. Bilateral trade reached 130 million dollars last year while Vietnamese investments in Laos topped more than 380 million dollars, according to official figures.

Agence France Presse - May 16, 2002