– The Vietnamese National Assembly is willing to create conditions for its Finance-Budget Committee to share financial supervision experience with the Lao Ministry of Finance, said NA Chairman Vuong Dinh Hue. At a meeting with Lao Finance Minister Bounchom Oubonpaserth in Vientiane on Monday during his official visit to Laos, NA Chairman Hue appreciated the two finance ministries’ organisation of mutual visits and experience sharing.

He emphasised the need to modernise the tax and customs sectors, strengthen publicity and transparency, and switch to e-invoices to both protect staff and ensure revenues.

Hue pledged to support and create favourable conditions for the two countries’ financial sectors to increase exchanges and mutual support.

Minister Bounchom Oubonpaserth said the Lao Ministry of Finance wants to learn from the experience of its Vietnamese counterpart in corporate reform and public debt settlement.

He further said that the two sides will organise a wide range of activities during 2022 – the “Vietnam-Laos, Laos-Vietnam Solidarity and Friendship Year”, which aims to celebrate the 60th anniversary of bilateral diplomatic relations and 45 years of the signing of the Vietnam-Laos Treaty of Amity and Cooperation.

At a meeting with President of the State Audit Organisation of Laos Malaythong Kommasith, Chairman Hue Hue suggested the two state audit agencies of Vietnam and Laos further enhance cooperation contents and comprehensive forms in order to continue to improve organisational capacity and professional expertise at each agency.

Source: VOV5