Communist Party Chief Nong Duc Manh granted VND50 billion (US$2.6 million) to a Laotian province on Wednesday for use in a school-building project.
The General Secretary said the grants carried Vietnam's trust and hope that Laotian youths would follow previous generations in developing the friendship between the two nations.
On the same day, Manh and his delegation also attended a traditional New Year festival in Luang Prabang Province together with Laos President Choummaly Sayasone and his wife.
Previously Manh gave a speech at the National University of Laos as part of a three-day trip that began Tuesday.
Also on Wednesday, President Nguyen Minh Triet met Algerian President Abdelaziz Bouteflika in the north African country's capital of Algiers for discussions on expanding cooperation in various fields like oil and gas and trade.
At the meeting the Algerian President accepted Triet's invitation to make a friendship visit to Vietnam.
High-ranking delegates, like the ministers of trade and justice, also met with Algerian leaders to prepare for the Vietnam Algeria Inter-governmental Committee's 9th meeting to be held this year.