Vietnam, Laos, Cambodia to sign transport agreement

via CAAI News Media

04/02/2010

A tripartite road transport agreement between Vietnam, Laos and Cambodia will be signed in June, said Deputy Transport Minister Le Manh Hung.

Mr Hung made the announcement at the first working-level meeting on the tripartite agreement 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, he said.

At the meeting, the three countries’ transport leaders agreed that negotiations and implementation of the agreement will facilitate transport, trade and investment, as well as stimulating local and regional economies in the development triangle of Vietnam, Laos and Cambodia.

They 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.

The Deputy 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.