Cooperation in Market Supervision Between Vietnam and Laos

9:22:11 AM | 5/24/2024

On May 23, 5, in Hanoi, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan had a meeting and worked with the delegation of the Ministry of Industry and Trade of Laos led by Deputy Minister Bountheung Douangsavanh. This is one of the activities to concretize the contents of the memorandum of understanding on cooperation in the field of Market Management that the Ministry of Industry and Trade of Vietnam and the Ministry of Industry and Trade of Laos signed in April 2024 in Vieng- blanket, Laos.

Attending the reception and working session, on the Vietnamese side, there were leaders of units: General Department of Market Management, Asia-Africa Market Department and representatives of a number of relevant functional units. On the Lao delegation's side, there were representatives of functional units in the Lao Ministry of Industry and Trade.

Overview of the meeting

At the meeting, Deputy Minister of Industry and Trade of Vietnam Nguyen Sinh Nhat Tan welcomed the delegation of the Ministry of Industry and Trade of Laos to visit and work in Vietnam. Reviewing the results of the visit and working visit to Laos by the delegation of the Ministry of Industry and Trade of Vietnam in April 4, Deputy Minister Nguyen Sinh Nhat Tan said that from April 2024-5, 8, the Ministry of Industry and Trade of Vietnam organized a The Working Group is headed by Minister Nguyen Hong Dien. On this occasion, the two Parties exchanged and achieved many important results in many fields, notably the signing of a Memorandum of Cooperation between the General Department of Market Management (Ministry of Industry and Trade of Vietnam) and the Department of Business Competition and Trade Inspection (Laos Ministry of Industry and Trade), therefore, Deputy Minister Nguyen Sinh Nhat Tan emphasized that the Ministry of Industry and Trade of Vietnam highly welcomes the Lao side for organizing a working delegation to work in Laos. Vietnam aims to concretize the contents under the Memorandum of Understanding.

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan chaired the meeting

Deputy Minister Nguyen Sinh Nhat Tan said that cooperation in industry and trade is an important pillar in the relationship between Vietnam and Laos. In 2023, Vietnam - Laos trade turnover will reach 1,63 billion USD. In the first 4 months of 2024, the total trade turnover of the two countries will reach 620,6 million USD, an increase of 10,6% compared to the same period in 2023. Vietnam's main export products to Laos are gasoline and means of transport. trucks and spare parts, iron and steel products... In contrast, Vietnam imports from Laos rubber, coal, wood and wood products...

Also according to Deputy Minister Nguyen Sinh Nhat Tan, currently the two countries are actively promoting cooperation and achieving many important results in the energy field such as: electricity purchase and sale cooperation, coal purchase and sale cooperation... Regarding cooperation investment, up to now, Vietnamese enterprises have invested in Laos 245 projects, of which many investment projects of Vietnamese enterprises in Laos are operating effectively, contributing positively to socio-economic development, creating jobs and increasing income for thousands of workers, adding revenue to the Lao state budget, especially in the fields of telecommunications, banking, rubber growing and processing, food production and processing , food, milk…

Particularly in the field of Market Management, Deputy Minister Nguyen Sinh Nhat Tan said that the two Ministries have signed a Memorandum of Cooperation in this field, this is the basis and foundation for the authorities of the two countries to coordinate. suitable for preventing and combating violations of law in business and commerce; protect the consumer rights of each country.

Director General Tran Huu Linh attended the meeting

In order to concretize the cooperation memorandum, Deputy Minister Nguyen Sinh Nhat Tan requested the General Department of Market Management (Ministry of Industry and Trade of Vietnam) to actively coordinate with the Department of Business Competition and Trade Inspection (Ministry of Industry and Trade). Lao Trade) to implement the content of the Memorandum of Understanding to promote cooperation in state management and prevent and combat violations of law in business and trade, and protect consumer rights. The two sides continue to organize working groups to study, exchange experiences and coordinate in market management.

Agreeing with the proposals of Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan, Deputy Minister of Industry and Trade of Laos Bountheung Douangsavanh highly appreciated the importance of the content of the Memorandum of Understanding signed between the two units, especially in the context of the Memorandum of Understanding signed between the two units. The integration and e-commerce scene is developing strongly today.

Deputy Minister of Industry and Trade of Laos Bountheung Douangsavanh

Deputy Minister of Industry and Trade of Laos hopes that the General Department of Market Management will share experiences in preventing counterfeit goods and protecting consumers with the Department of Business Competition and Trade Inspection of Laos; including management methods in petroleum business activities; share the structure and organizational model of the Vietnam Market Management force; Share solutions to combat trading in counterfeit and poor quality goods in traditional and e-commerce environments...

Mr. Phu-Vieng Phong-Sa - Director of the Department of Business Competition and Trade Inspection of Laos

Sharing information at the meeting, Mr. Phu-Vieng Phong-Sa - Director of the Department of Business Competition and Trade Inspection of Laos said that during this business trip to Vietnam, the Department of Business Competition and Trade Inspection Lao trade wishes to learn about the actual operations at the Market Management Department in localities; learn about coordination with related industries in the field of Market Management; Learn management of petroleum products; quality management of goods on e-commerce; Share and exchange experiences in consumer protection work...

The two delegations took souvenir photos at the Traditional Office of the Ministry of Industry and Trade

From April 5-8, 4, the Ministry of Industry and Trade of Vietnam organized a working delegation led by Minister Nguyen Hong Dien to visit and work in Laos. During the business trip, the General Department of Market Surveillance (Ministry of Industry and Trade of Vietnam) signed a Memorandum of Understanding with the Department of Business Competition and Trade Inspection (Ministry of Industry and Trade of Laos) to coordinate in preventing and combating violations. law in business and commerce; protect consumer rights and strengthen cooperation in the field of market management between the two countries. This is one of three minutes successfully signed within the framework of the business trip of the Vietnam Ministry of Industry and Trade delegation in Vientiane, Laos.

Previously, from October 7 to December 10, 10, the Working Group of the General Department of Market Management had a direct working program with 12 units under the Lao Ministry of Industry and Trade and connected online with 2023 Departments of Industry and Trade. Trade of Laos to discuss cooperation in combating smuggling, goods, and trade fraud in counterfeit goods across the border between the two countries. At the same time, the two sides also discussed mechanisms and policies to punish illegal acts. violations on the market.

In particular, within the framework of the working program, the Working Group of the General Department of Market Management had a direct working session with the Department of Business Competition and Trade Inspection of Laos to exchange and share experiences. in the field of Market Management; Share experiences in anti-smuggling, trade fraud and counterfeit goods activities...

Source: Vietnam Business Forum