Lao envoy pledges to deepen trade ties and social development

May 7th at 09:25
07-05-2026 09:25:49+07:00

Lao envoy pledges to deepen trade ties and social development

Both sides reaffirmed their commitment to advancing a comprehensive and long-term strategic partnership through high-level exchanges and practical cooperation.

 

The newly appointed Lao ambassador to Cambodia yesterday pledged to further strengthen the long-standing friendship and expand comprehensive cooperation between the two neighbouring countries.

Sonexay Vannaxay, Ambassador of the Lao People’s Democratic Republic to Cambodia, made these remarks during a courtesy call on Khuon Sudary, President of the National Assembly of Cambodia (NA) in Phnom Penh.

He reaffirmed his commitment to advancing bilateral ties, stressing that his mission would focus on translating high-level agreements into concrete outcomes.

“I am committed to serving as a bridge to further strengthen cooperation across priority sectors and ensure that our agreements deliver tangible benefits to both nations,” he said.

Ambassador Sonexay noted that priority areas include culture, trade, economic and social development, as well as the effective implementation of bilateral Memoranda of Understanding (MoUs) at both executive and legislative levels.

Welcoming the ambassador, Sudary extended Cambodia’s full support for his diplomatic mission. She stressed the importance of strengthening cooperation in three key areas: economic development, defence and security, and people-to-people relations, including tourism and cultural exchange.

She stressed joint efforts on border security to combat transnational crimes such as drug and human trafficking, and to enhance people-to-people connectivity, ensuring that border areas remain zones of peace, friendship, cooperation, and development.

The diplomatic push comes at a time as 2026 marks the 70th anniversary of diplomatic relations between Cambodia and Laos, with both countries planning commemorative activities to celebrate their enduring partnership.

Both sides reaffirmed their commitment to advancing a comprehensive and long-term strategic partnership through continued high-level exchanges and practical cooperation.

Cambodian and Lao officials have established the Joint Trade Commission to accelerate the economy across the border.

The two neighbouring countries agreed to boost bilateral trade to reach $700 million by 2030.

khmertimeskh

- 08:23 07/05/2026



NEWS SAME CATEGORY

Cambodia revises growth forecast to 4.2%, unveils MTFF 2027-29

The correction comes in the wake of overlapping global shocks, reflecting vulnerabilities in trade, energy and climate systems that continue to pressure economic...

Cambodia backs ADB’s $70 billion regional integration initiative

The Kingdom stands committed to strengthening regional connectivity through integrated power grids, expanded cross-border electricity trade, and improved broadband...

Cambodia factory count surpasses 47K in early 2026

Factory expansion provides better employment opportunities and strengthens workers’ income.

Cambodia lowers growth forecast to 4.2% amid regional instability

Cambodia has revised its 2026 economic growth forecast to 4.2%, down from an initial 5%. Prime Minister Hun Manet attributed the revision to soaring oil and gas...

Cambodia, Malaysia boost agro-industry, biodiesel ties

Analysts say continued cooperation in agriculture and energy could further accelerate growth, positioning both countries to better navigate future challenges while...

Cambodia, US deepen cooperation to combat financial crimes

Both sides discuss strengthening bilateral cooperation to address illicit financing and enhance regulatory coordination in the securities sector.

PM calls for continued Japanese support for Cambodia’s growth

Experts say the expansion of Sihanoukville Autonomous Port could be a game-changer for the Kingdom’s economy, reducing logistics costs, attracting foreign...

PM calls on Japan to further support Cambodia’s infrastructure and logistics development

Prime Minister Hun Manet has called on Japan to continue supporting the development of Cambodia’s physical infrastructure and logistics sector, particularly at the...

South Korean firms set sights on Cambodia as strategic gateway for expansion

Twenty South Korean companies are poised to enter or expand in Cambodia, targeting high-demand sectors such as education, healthcare, real estate, and cosmetics.

Around 20 Korean companies eye business and investment expansion in Cambodia

About 20 executives from Korean companies have expressed interest in strengthening market connections, conducting business, and expanding investment in Cambodia.


MOST READ


Back To Top