Lao Deputy Prime Minister and Finance Minister Somdy Duangdy said the event would look into Vietnam’s experience as well as shortcomings of and orientations for the management of the three sectors in the country. 

These are valuable to the Lao ministry as they will contribute to local socio-economic development, he noted.

Vietnamese Finance Minister Dinh Tien Dung briefed participants of the development of the three sectors and the finance ministry’s management of the sectors, which, in his words, helped to regulate budget collection and control budget spending at both central and local levels.

At the seminar, Vietnam’s financial officials discussed and fielded questions and opinions about the taxation, customs and treasury sectors raised by the Lao side.

Also on March 30, the delegation of Vietnam’s finance ministry met with Lao Prime Minister Thongloun Sisoulith and held a meeting of the steering board for the two ministries’ cooperation.