Cambodia, Laos, Vietnam summit sets up development triangle

The Cambodia, Laos and Vietnam (CLV) Summit Sunday adopted the Master Plan for the CLV Development Triangle and signed the Vientiane Declaration on the Establishment of CLV Development Triangle.
The summit was attended by the prime ministers of the three countries, according to a statement of the CLV Summit chairman, Lao prime minister Bounnhang Vorachith.
The prime ministers reaffirmed the great importance of the establishment of the development triangle to the socio-economic development of the three countries.
They stressed that the establishment of the development triangle not only marks an important step forwards traditional relations of friendship and cooperation among the CLV countries, but also contributes to the strengthening of peace, cooperation among the nations of Asean (the Association of Southeast Asian Nations) and countries in the region.
The prime ministers agreed to the expansion of geographical coverage of the triangle development area consisting of 10 provinces in the three countries and in eight fields of cooperation such as infrastructure development, trade, agriculture, industry, environment conservation, tourism, health and education.
The prime ministers were briefed by deputy minister of planning and investment of Vietnam on the Socio-Economic-Development Master Plan for the Cambodia-Laos-Vietnam Development Triangle.
The prime ministers agreed that the three countries would further closely coordinate and consult with each other to mobilise available resources of each country as well as from the outside for the triangle.
The prime ministers also emphasised the importance to work closely with all other donor agencies and private sectors to find ways and means in bridging development gap of this development triangle.

 

Category: Legal