Workshop looks for way to boost HCM City - Laos trade

A workshop was held in Ho Chi Minh City on January 26 to seek ways to enhance trade between the city and Laos, and to connect businesses from the two sides.
Workshop looks for way to boost HCM City - Laos trade ảnh 1Visitors are looking at Lao products on display at the ongoing Laos Goods Week in Ho Chi Minh City. (Photo: phunuvietnam.vn)

HCM City (VNA)
– A workshop was held in HoChi Minh City on January 26 to seek ways to enhance trade between the city andLaos, and to connect businesses from the two sides.

The event took place thanks to the coordination betweenthe Consulate General of Laos in HCM City and the local Investment and TradePromotion Centre (ITPC).

Addressing the workshop, Lao Vice Consul Vanxay Keovilaysaid Lao enterprises see HCM City and Vietnam at large as potential markets asLaos has an advantage in supplying traditionally farmed products with no use ofchemical fertilizers and pesticides and handicrafts made from naturalmaterials. Vietnamese consumers are very fond of organic agricultural productsand handicrafts which is a good sign for Lao exporters, he noted.

As the two countries’ import and export goods arecomplementary with no direct competition with each other, they will wellsatisfy the consumers’ demand and aid production of both sides, said ITPCDirector Pham Thiet Hoa.

However, the Vietnam-Laos trade exchanges, particularlyborder trade, have remained below expectations with limited support services forimports and exports and poor transport links between the two countries, headded.

Last year, two-way trade between HCM City and Laos wasworth over 8 million USD. The city’s exports to Laos attributed 7.9 million USDto the amount.

Hoa advised the Lao side to develop standards for foodproducts exported to Vietnam in terms of food hygiene and safety and country oforigin that will help speed up the customs clearance.

The city’s retailers also suggested Lao businesses organizemore trade promotion events and increase capacity to ensure stable supply ofproducts so the two sides will be able to maintain long-term partnership.

Vietnam and Laos are looking to bring their bilateraltrade up to 5 billion USD by 2020.-VNA
VNA

See more

Vice Chairman of the Bac Giang People's Committee Mai Son (Photo: bacgiang.gov.vn)

Bac Giang speeds up non-state budget investment projects

In the coming period, the northern province of Bac Giang will focus on addressing challenges to non-state budget investment projects and expediting their progress, affirmed Vice Chairman of the provincial People's Committee Mai Son.

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.

A high-tech corn, sorghum and grass farm in Nghe An province (Photo: VNA)

Realising circular economy to achieve sustainable development goals

Developing a circular economy has been recognised as one of the priority directions to achieve overarching goals such as waste management, efficient resources utilisation, environmental protection, disaster prevention, and climate change adaptation in the country's next development phase.