Business

Vietnam-Laos trade continues flourishing

Two-way trade between Vietnam and Laos surpassed 947 million USD in the first nine months of 2021, up 28.2 percent year-on-year, according to the Vietnam Trade Office in Laos.
Vietnam-Laos trade continues flourishing ảnh 1Illustrative image (Source: VNA)
Vientiane (VNA) - Two-way trade between Vietnam and Laos surpassed947 million USD in the first nine months of 2021, up 28.2 percent year-on-year,according to the Vietnam Trade Office in Laos.

Of the total, Vietnam’s exports were valued at over 447 millionUSD, up 6 percent year-on-year, and imports 499 million USD, up 57.9 percent.

Compared to the same period of 2019 when theCOVID-19 did not break out yet, the bilateral trade turnover rose by 14.4percent.

In September alone, the two countries’ import-export valueexceeded 99 million USD, up 10.8 percent year-on-year.

In the month, Vietnam continued to record a trade deficit of21.57 million USD. During January-September, the country posted a trade deficitof 52.4 million USD with Laos.
In the nine-month period, Vietnam sold to Laos mainly steel products (57.6 million USD), machinery, equipment, tools and spare parts (39.6 million USD), and fertilisers (17.25 million USD). It imported from Laos over 106.9 million USD worth of rubber, 71 million USD worth of timber and timber products, and 58 million USD worth of minerals./.

VNA
#Two-way trade #Vietnam #Laos #nine months of 2021 #Vietnam Trade Office in Laos #Vietnamplus #Vietnam News Agency Laos Vietnam
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