Under the document, the two provinces agreed to re-establish the bilateral friendship and promote dissemination and education about the relations between the two countries and the two localities, and promote the land, people, and socio-economic development achievements and potential of each other.
They are to cooperate in party and political system building, create favourable conditions for delegation exchanges, and intensify collaboration in socio-economic and cultural development, and in State management across the fields.
Specifically, Thai Binh will provide VND5 billion (US$220,000) to help the Lao province build a high school. It will provide 8-10 scholarships for Xayaboury’s disadvantaged students to study in Thai Binh-based universities and colleges, while Xayaboury pledges to present two full scholarships to Thai Binh’s students to study at Luang Prabang province’s Souphanouvong University.
In addition, Thai Binh province will introduce local agricultural businesses to explore investment and business cooperation opportunities in the Lao locality.
Speaking at the signing ceremony, leaders of the two provinces showed their belief that the cooperation agreement will contribute to each country’s nation building, and international relation development.
