Garment and textile is one of Vietnam's main staples exported to Laos. (Photo: VNA)
Vientiane (VNA) – Vietnam and Laos continued toenjoy growth in import-export revenue in the first half of 2021 compared to thesame period last year.
According to the Vietnamese Trade Office in Laos, in thefirst half of 2021, two-way trade hit over 671 million USD, up 36.5 percentyear on year, including Vietnam’s exports of over 329 million USD, and importsof more than 341 million USD, respective rises of 19.1 percent and 58.9percent.
Compared to the first half of 2019 before the COVID-19 outbreak,two-way trade increased 16.6 percent, with Vietnam's import revenue rose 49 percent andexports dropped 5 percent.
In June 2021, two-way trade reached over 100 million USD, up 22.1 percent from the same period last year and 18.1 percent from June2019.
Vietnam's key export staples included garment andtextile products, transport vehicles and spare parts, machinery andequipment, and petrol and gasoline.
Meanwhile, Vietnam mainly imported good and wooden productsfrom Laos, along with ore and minerals, and rubber.
In July, two-way trade is predicted not to rise due tocomplicated developments of the COVID-19 pandemic./.
Authorities in the central province of Quang Binh on July 20 presented medicines and medical supplies to help Laos’ Khammouane province, which is plagued by the lumpy skin disease (LSD).
The Vietnamese Party, State, Government and people always treasure the practical and timely support of international friends during the COVID-19 fight, according to the Ministry of Foreign Affairs.
Star Telecom (Unitel), a joint venture between Viettel Global and Lao Asia Telecom in Laos, has presented the Lao Ministry of Defence 3 million USD to support the development of the country’s military.
Three million doses of Moderna COVID-19 vaccine supplied by the US via the COVAX Facility will arrive in Vietnam on July 25, unveiled Foreign Ministry spokesperson Le Thi Thu Hang during the ministry’s regular press conference held virtually on July 22.
The Lao Ministry of Health has said that it will increase the quarantine and medical supervision duration for returning workers, especially those from Thailand, due to concerns over the COVID-19 incubation period being longer than the isolation time or a risk of re-positive cases.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
Garment and textile is one of Vietnam's main staples exported to Laos. (Photo: VNA) 
