A new building of the Lao Ministry of Industry and Commerce’s Department of SME Promotion, built with funding from the Vietnamese Association in Vientiane, was handed over to the Lao ministry on December 15.
Vietnam and Laos expect to achieve 2 billion USD in two-way trade in the near future, given that the figure surged 28.2% annually to 1.4 billion USD in ten months of this year, heard a forum held in Vientiane on November 25.
Laos enjoyed over 400 million USD in trade surplus with Vietnam in the first six months of this year, excluding trade on power, according to Laos’ Ministry of Industry and Commerce.
Laos enjoyed increasing trade surplus in three consecutive months of this year, despite the continuing depreciation of the Kip and rising costs of production and consumables.
Despite trading difficulties caused by the COVID-19 pandemic, Laos' buffalo and cattle exports could exceed 200 million USD this year, according to the Vientiane Times.
Laos saw a decline in export-import turnover in February mainly due to the impact of the acute respiratory disease caused by the novel coronavirus SARS-CoV-2 (COVID-19).
The Dien Bien Phu Victory which ended the French colonial rule in Vietnam (May 7, 1954) was celebrated at a conference held by the Lao Ministry of Industry and Commerce in Vientiane on May 16.
Banana is expected to be Laos' top agricultural export in 2019 despite the local government’s ban on the expansion of plantations around the country, according to local daily Vientiane Times.
The Lao Ministry of Industry and Commerce expects the country’s exports to continue growing next year despite the challenges faced in achieving this year's target.
The Ministry of Industry and Trade and the Lao Ministry of Industry of Commerce jointly launched a showroom highlighting products from the Vietnamese and Lao border province in Dong Hoi city of the central province of Quang Binh on September 27.
Regarding the country’s key food distribution networks, wholesale markets have not yet undergone proper planning and development so far, according to experts.
More than 120 businesses and units of Vietnam and Laos will showcase their best products at the Vietnam-Laos Trade Fair 2018 in the Lao capital city of Vientiane from June 28 to July 2.
While the backbone of Vietnam’s electricity remains hydropower, the State-owned Electricity of Vietnam Group (EVN) said power supply will be ensured for the coming dry season.
The Ministry of Industry and Commerce of Sri Lanka has launched an international tender to purchase 200,000 tonnes of rice, providing an excellent opportunity for Vietnamese rice exporters.
The Thai Ministry of Industry has partnered with Delta Electronics Thailand in organising the second "Angel Fund for Startup" programme, which will provide training and funding to 30 select trainees.
Foreigners are prohibited from operating trading outlets worth less than 8 billion kip (964,500 USD), according to a new regulation recently issued by the Lao Ministry of Industry and Commerce.
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