VIENTIANE - Laos and Russia have signed a protocol on trade, economic, scientific and technical bilateral cooperation in the Lao capital Vientiane.

The document identifies promising new areas of bilateral cooperation in trade, banking and finance, industry, transport, energy, healthcare and others, the Pasaxon newspaper reported on Tuesday.

The two countries are interested in searching for new trade and economic partnerships, and rebuilding logistics chains

The Russian delegation paid a working visit to Laos, where the 17th Session of the Intergovernmental Lao-Russian Commission on Economic-Trade, Scientific-Technical Cooperation took place from Nov 29-30.

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The conference was co-chaired by Lao Minister of Planning and Investment Khamjane Vongphosy and Russian Minister of Construction, Housing and Utilities Irek Faizullin.

The two countries are interested in searching for new trade and economic partnerships, and rebuilding logistics chains. There are plans to increase the number of joint investment projects in the fields of hydropower, peaceful nuclear energy and the supply of medical equipment.