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05/01/2018 - 05:10

Laos, China ink deal on Mekong-Lancang cooperation fund

Vientiane (VNA) – Lao Deputy Foreign Minister Khamphau Onthavan and Chinese Ambassador to Laos Wang Wentian on January 2 signed an agreement on ​Lancang-Mekong cooperation funding for Lao projects, according to the Lao News Agency (KPL).

The 1st Mekong-Lancang cooperation meeting in China in 2016. (Photo: VNA)
The 1st Mekong-Lancang cooperation meeting in China in 2016. (Photo: VNA)

The deal worth more than 3.49 million USD is a basis for the implementation of 13 projects in Laos, involving various issues like oil leak at port area, competitiveness building for the industrial processing sector and examination of water quality.

The signing was made on the threshold of the 2nd Lancang-Mekong Cooperation Summit held in Phnom Penh, Cambodia from January 10-11.

The Lancang-Mekong cooperation is a sub-regional cooperation mechanism jointly established in 2016 by six countries along the Mekong River including Cambodia, China, Laos, Myanmar, Thailand and Vietnam. Since then various exchange activities among political parties, officials, youth and religious groups have been organised./.

VNA
 

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