Vietnam, Laos and Cambodia promote trade and investment cooperation in the digital economy

The event, co-organised by the Vietnam Academy of Social Sciences (VASS), the Lao Academy of Social and Economic Sciences (LASES), and the Royal Academy of Cambodia (RAC), attracted the participation of over 100 experts, managers, and diplomats from the three countries.

The conference focused on clarifying such key topics as digital economic development trends and their application in boosting the countries’ trade and investment, digital-transformation-induced opportunities and challenges for the growth of the trilateral ties, and ways to promote their joint works in the digital age.

Participating experts said that the potential for trade and investment cooperation between Vietnam, Laos, and Cambodia is substantial and that the recent results achieved have yet to be on par with the potential and advantages of each country.

They suggested the sides establish and improve institutional and legal environments, meeting the requirements of the international integration era, in the context of the digital economy. The nations should also invest in the digital transformation infrastructure and national digital economy.