On January 23, 2025, Ms. Morakot Sriswasdi, Ambassador of Thailand to Vientiane, paid a courtesy call on H.E. Mr. Santiphap Phomvihane, Minister of Finance of the Lao PDR. The meeting focused on exchanging views and strengthening cooperation in celebration of the 75th anniversary of the establishment of the diplomatic relations between Thailand and the Lao PDR in 2025.
H.E. Mr. Santiphap agreed to co-host an academic seminar on economics-related topic, as proposed by the Thai side, as an activity to commemorate the 75th anniversary of the establishment of the diplomatic relations. This seminar, organized in collaboration with the Bank of the Lao PDR (BOL) and the Royal Thai Embassy in Vientiane, will focus on “The Importance of Microcredit and Microfinance for SMEs” and is scheduled on March 13, 2025 in Vientiane. The Minister also expressed his support for organising the seminar.
H.E. Mr. Santiphap noted that this initiative would contribute significantly to strengthening small and medium business enterprises in the Lao PDR. He was of the view that knowledge and best practices from Thailand’s experience could be shared and appropriately applied in various sectors of business to ensure maximum benefit for the peoples of the two countries.