Seminar seeks to promote Vietnam – Laos financial linkage
The Vietnamese Embassy in Laos held a seminar in Vientiane on August 15 to look into operations of Vietnamese banks in Laos and measures for improving their performance.
Attending the event were representatives from six Vietnamese commercial banks operating in Laos, namely Lao-Viet Bank, VietinBank Laos, Vietcombank Laos, MB Laos, Sacombank Laos, and SHB Laos.
Delegates focused discussion on the Vietnamese banks' perspectives on the monetary policy of the Bank of the Lao PDR, the banks' performance, and measures for effectively improving banking operations in the coming time. They also put forward recommendations to relevant authorities to create a favourable environment for financial and banking activities.
Speaking at the seminar, Ambassador Nguyen Minh Tam noted that this was the first time the Vietnamese Embassy in Laos had organized a common forum for the Vietnamese banks operating in the host country to exchange views and share experience.
He expressed his belief that this event would have a broad impact and encourage the organization of similar forums, not only in the banking sector but also in other fields involving Vietnamese enterprises in Laos, VNA reported.
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An overview of the seminar to look into operations of Vietnamese banks in Laos. (Photo: VNA) |
The ambassador highly valued the role of the Vietnamese banks in Laos in creating breakthroughs in economic, trade, and investment cooperation between the two countries.
He said he believes that with the countries' stronger connections, especially in transport infrastructure, economic, investment, and trade ties will enjoy further progress. He also called on the banks to stay proactive and innovative in their business operations, actively participate in projects of Vietnamese enterprises in Laos, and support those firms to achieve sustainable development.
The embassy will always accompany and support the Vietnamese banks in Laos to operate stably and effectively, thereby contributing to economic, investment, and trade cooperation between the two countries, affirmed Tam.
MVFA opens new office in Kuala Lumpur, boosting Vietnam-Malaysia friendship
The Malaysia-Vietnam Friendship Association (MVFA) inaugurated its new office on August 14, marking a key milestone in its three-year journey of promoting community ties and bilateral relations.
The event marks a significant milestone in the organization’s efforts to support the Vietnamese community in Malaysia and enhance closer Vietnam-Malaysia relations.
Vietnamese Ambassador to Malaysia Dinh Ngoc Linh congratulated MVFA on its successful activities and initiatives, noting the association’s contribution to strengthening ties between Vietnam and Malaysia.
He highlighted the crucial role of Malaysian partners in connecting communities, businesses, and organizations from both countries. He expressed confidence that the new office will serve as a hub for partnerships, initiatives, and programs to further deepen Vietnam–Malaysia friendship, cited VOV.
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Ribbon-cutting ceremony for the Malaysia–Vietnam Friendship Association office in Kuala Lumpur (Photo: VNA) |
At the inauguration, MVFA Chair Tran Thi Chang described the new office as a starting point and a home where the Vietnamese and Malaysian communities can come together, dialogue, and nurture friendship. She emphasized that, with the support of partners, friends, and the community, MVFA will continue to be a reliable bridge between the two peoples, promoting cultural exchange, economic cooperation, and community cohesion.
Experienced entrepreneur Tengku Dato’ Dr. Hishammudin Zaizi, a dedicated supporter of MVFA, expressed his enthusiasm for joining the association and becoming a friend of Vietnam. He noted that with the attention of both Malaysian and Vietnamese leadership, bilateral cooperation is advancing in a multitude of areas, including trade. He hopes the new office will open doors for businesses from both countries to explore partnerships and achieve success.
MVFA, a nonprofit organization officially licensed by the Malaysian government in August 2022, aims to enhance mutual understanding, cooperation, and exchange across culture, education, business, and diplomacy. Its vision is to build a prosperous and connected Vietnam–Malaysia community, strengthen partnerships, celebrate cultural heritage, and create new opportunities for entrepreneurs and businesses.
Over the past three years, MVFA has launched numerous community engagement activities and has become a sustainable bridge connecting organizations, businesses, and local authorities of both countries.
In 2025, notable activities include supporting Vietnamese medical delegations visiting Malaysia’s top hospitals, including the National Heart Institute (IJN); coordinating with Malaysian partners for community health talks and free medical check-ups; organizing sports and cultural exchanges to promote Vietnam’s image; and hosting Malaysian business delegations in Vietnam to explore cooperation opportunities.
The opening of the new office will facilitate connections with partners, organizations, and businesses, supporting MVFA’s ongoing programs in culture, economy, education, healthcare, and community engagement.
This milestone is especially meaningful in 2025, under the theme Vietnam–Malaysia Harmony: Strengthening Friendship, Reaching New Heights, contributing significantly to practical cooperation during the first year of the Comprehensive Strategic Partnership between the two countries (from November 21, 2024) and Malaysia’s ASEAN Chairmanship in 2025.
Planned highlights for the second half of 2025 include participation in the ASEAN Festival 2025 to showcase Vietnamese culture and hosting the first MV-Expo 2025 in Malaysia to connect businesses and reinforce the presence of Vietnamese enterprises.
Vietnam, China pledge to deepen scientific and technological cooperation
Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son met with Chinese State Councilor and Foreign Minister Wang Yi in China's Yunnan province on August 14.
The meeting took place ahead of the 10th Mekong–Lancang Cooperation (MLC) Foreign Ministers' Meeting.
Both Bui and Wang voiced satisfaction with recent socio-economic achievements in each country and welcomed the positive momentum in the Vietnam–China relations.
Bui called for close coordination to organize high-level exchanges and visits, advance substantive defense and security cooperation, and improve the quality and effectiveness of collaboration across sectors.
He stressed the need to boost cooperation in priority areas such as railway projects—particularly the Lao Cai–Ha Noi–Hai Phong route scheduled to begin construction in 2025—balanced and sustainable trade, and major investment projects of symbolic significance.
Bui also suggested both sides consider science and technology cooperation a new hallmark of bilateral ties.
Reaffirming Vietnam's commitment to the MLC framework, the Deputy Prime Minister and Foreign Minister appreciated China's contributions and the joint efforts of Mekong countries over the past decade, and called for strengthening sustainable management and use of Mekong–Lancang water resources.
For his part, Wang affirmed China's readiness to implement high-level agreements with Vietnam, prioritize upcoming senior-level exchanges, expand economic and trade cooperation, increase imports of Vietnamese goods, enhance transport infrastructure connectivity, and promote high-quality investment.
He reiterated China's willingness to deepen cooperation in science, technology, and emerging sectors in line with the development strategies of both countries, VGP reported.
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Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son (L) and Chinese State Councilor and Foreign Minister Wang Yi, Yunnan province, August 14, 2025. Photo: VNA |
Acknowledging Vietnam's active role in the MLC, Wang called on member states to intensify coordination for another successful decade, broaden cooperation areas, and deliver tangible benefits to their people, contributing to peace, development, and prosperity in the region.
On maritime issues, both sides agreed to manage differences constructively and maintain peace and stability in the East Sea. Deputy Prime Minister Bui underlined the respect for each other's sovereignty, sovereign rights, and jurisdiction over maritime zones as defined by international law, especially the 1982 UNCLOS; avoidance of unilateral actions that could escalate tensions; proper handling of incidents involving fishing vessels and fishermen; and continued pursuit of peaceful dispute settlement.
Both sides also compared notes on regional and international issues of mutual concern.
Later the same day, Deputy Prime Minister Bui met with Lao Foreign Minister Thongsavanh Phomvihane.
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