Laos, Thailand target 10 billion USD in two-way trade

Laos and Thailand agreed to draft a plan to double the value of bilateral trade and investment to 10 billion USD by 2021.
Laos, Thailand target 10 billion USD in two-way trade ảnh 1At the meeting (Photo: nationmultimedia.com)

Vientiane (VNA) – Laos and Thailand agreed to draft a plan to doublethe value of bilateral trade and investment to 10 billion USD by 2021.

The consensus was reached in a meeting between Lao Deputy Prime Minister SomdeeDuangdee and his Thai counterpart Somkid Jatusripitak in Vientiane on May 24.

“We will collaborate to develop both trade and investment by focusing onlogistics, energy, tourism, border trade, industry and the capital market, andalso develop small and medium-sized enterprises in both countries”, Thailand’sEnglish-language daily newspaper The Nation quoted Somkid Jatusripitak assaying.

In his speech, the Lao Deputy Prime Minister stated that the meeting would openopportunities for the two nations to develop trade and investment relations.

To attract more foreign corporations, the Lao Government has made amendment to theinvestment promotion law and provided one-door services and tax incentives of upto 15 years for investment projects in Laos, he highlighted.

Somdee said that his government has developed infrastructure connecting China,Vietnam and Thailand, which has been touted as a door for Lao products to enterthe third country.

Statistics from Lao Ministry of Planning and Investment showed that Thailand isone of Laos’ key trade partners. Last year, two-way trade reached nearly 4.6billion USD, including 2 billion USD of Lao exports.-VNA 
VNA

See more

mbassador Anouparb Vongnorkeo, Permanent Representative of Laos to the United Nations (UN) (Photo: https://kpl.gov.la/)

Laos works closely with UNICEF to protect children’s rights

Ambassador Anouparb Vongnorkeo, Permanent Representative of Laos to the United Nations (UN) emphasised the partnership between UNICEF and the Lao government in ensuring and promoting children's rights and well-being, while mentioning challenges ahead, particularly amid climate change and global economic uncertainties.

Deputy for tourism and infrastructure development at the Ministry of Tourism Hariyanto. (Photo: ANTARA)

Indonesia boosts culinary tourism

To promote Indonesian culinary tourism, the Indonesian Ministry of Tourism is currently focusing on culinary products to ensure that tourism products can move up a class. It is also paying attention to wellness tourism, gastronomy, marine, and fashion.

A truck arrives as another departs from Laem Chabang deep-sea port in Chon Buri province. Thai exports to the US could face higher trade barriers. (Photo: Bangkok Post)

Thai exporters risk higher US tariffs: expert

Thai exports to the US that are at risk of US trade barriers include Bluetooth modules, broadband products, solar modules, power adapters, machinery and parts, auto parts, mobile camera modules, and air conditioners.

Illustrative image (Photo: Internet)

Lao, Cambodian Parties vow to tighten ties

The 15th high-level meeting between the Lao People’s Revolutionary Party (LPRP) and the Cambodian People’s Party (CPP) took place in Vientiane, Laos on February 7.

Chinese President Xi Jinping meets with Prime Minister of Thailand Paetongtarn Shinawatra, who is on an official visit to China, at the Great Hall of the People in Beijing on February 6, 2025. (Photo: Xinhua)

Thailand, China strengthen bilateral ties

Thai Prime Minister Paetongtarn affirmed Thailand's commitment to deepening law enforcement cooperation with China and its neighbouring countries, pledging strong and decisive actions to combat cross-border crimes, including online gambling and telecom fraud.