Business

Vietnam-Laos trade up 28.3% in 10 months

Bilateral trade between Vietnam and Laos reached 1.36 billion USD in the first 10 months of 2022, up 28.3% year-on-year.
Vietnam-Laos trade up 28.3% in 10 months ảnh 1Fertiliser production at Long My Fertiliser Factory _ Illustrative image (Photo: VNA)
Vientiane (VNA) – Bilateral trade between Vietnam and Laos reached1.36 billion USD in the first 10 months of 2022, up 28.3% year-on-year.

Of the total, Vietnam’sexports were valued at 512.3 million USD, up 3.7% year-on-year, mainly from theshipment of fruit and vegetables (51.7 million USD, up 260.7%), fuel (58 million USD, up 247%),iron and steel (53.7 million USD, down 8%), machinery and spare parts (52.1 millionUSD, up 4.5%), and fertiliser (29 million USD, up 55.5%).

Meanwhile, Vietnam spent 849.5million USD on commodities from Laos, a year-on-year rise of 49.5%. The mainimports included rubber (193.4 million USD, up 49%), fertiliser (80 million USD, up 11.8%), woodand wood products (116.6 million USD, up 47.7%), and ores and other minerals (71.9million USD, up 4.4%).

According to the Vietnam TradeOffice in Laos, two-way trade may reach about 1.63 billion USD for the entire 2022, an increase ofover 20% compared to last year, fulfilling the target set by the leaders of thetwo countries at the 44th meeting of their Intergovernmental Committee onBilateral Cooperation./.
VNA
#Bilateral trade #Vietnam #Laos #first 10 months of 2022 #Vietnam Trade Office in Laos #Vietnamplus #Vietnam News Agency Laos Vietnam
Follow VietnamPlus

Related News

Vietnam, Laos eye 2 billion USD in two-way trade

Vietnam, Laos eye 2 billion USD in two-way trade

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.
Deputy PM urges stronger social, labour cooperation between Vietnam and Laos

Deputy PM urges stronger social, labour cooperation between Vietnam and Laos

The Ministry of Labour, Invalids and Social Affairs of Vietnam and the Ministry of Labour and Social Welfare of Laos should work more closely together to build labour and social cooperation strategies to suit the current situation of each country as well as the region and the world, Deputy Prime Minister Vu Duc Dam told Lao Minister of Labour and Social Welfare Baykham Khattiya.

See more

A graphic image of a new terminal of Phu Quoc International Airport (Photo: CPG Consultants)

Sun Group licensed to operate Sun PhuQuoc Airways

Sun PhuQuoc Airways has a total operating duration of 50 years, with an investment capital of 2.5 trillion VND (approximately 98.81 million USD). The airline's main operations hub is located at Van Don International Airport, Van Don district, Quang Ninh province.

Real estate bonds issued from June-December are expected to be worth about 79.77 trillion VND. (Photo: chinhphu.vn)

Real estate bond market rebounds in May

May also witnessed a significant volume of early redemptions. Businesses repurchased bonds worth about 15.86 trillion VND before maturity - an increase of 6.7 % compared to the same period in 2024.

Domestic fuel prices adjusted upward from 3pm on June 12. (Photo: VNA)

Fuel prices continue upward trend on June 12

The price of E5 RON92 petrol is now capped at 19,462 VND (0.75 USD) per litre, up 199 VND from the previous adjustment, while RON95-III costs no more than 19,967 VND per litre, up 269 VND.

Minister of Industry and Trade Nguyen Hong Dien (R) meets with Senator Roger Marshall. (Photo: VNA)

Vietnam ready to further open market for US exports: Minister

Regarding the ongoing negotiations on a Reciprocal Trade Agreement between the two countries, he emphasised that Vietnam remains consistent in its approach to the talks with the US, aiming for a bilateral agreement based on respect for sovereignty, independence, political system, harmonisation and balance of interests, as well as in line with international commitments and the development level of each country.