Prime Minister Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA)
Hanoi (VNA) – Trade cooperation was a spotlight of the Vietnam-Laosrelationship in the first ten months of this year, with revenue reaching 940million USD.
Thefigure was unveiled at a meeting of permanent Cabinet members in Hanoi onDecember 7 under the chair of Prime Minister Nguyen Xuan Phuc.
Thetwo-way trade is projected to hit 1.1-1.2 billion USD in 2019, up 12.6 percentyear-on-year, surpassing the targets of 1 billion USD and 10 percent set by theGovernment.
Vietnamhas become the third biggest investor in Laos with 413 projects valued at 4.22billion USD, with the most outstanding a joint venture of Viettel MilitaryIndustry and Telecoms Group (Viettel), projects of Vietnam Rubber Group, MuongThanh Hotel, Crow Plaza, LaoViet Bank and Xekaman 1 hydropower plant.
Besides,Vietnam has committed to providing 3.25 trillion VND (139.8 million USD) innon-refundable aid for Laos during the 2016-2020 period, including 707 billionVND in the 2019 fiscal year, up 18.4 percent against the previous year, aiming tohelp the neighbouring country implement projects on infrastructure, especiallytransport, energy, personnel training and social welfare.
Inearly 2019, Vietnam provided 300 tonnes of seeds for Laos in support of locals hitby natural disasters.
Apartfrom more than 1,000 scholarships granted to Lao students, Vietnam has also dispatchedteachers to Laos and financed Vietnamese language teaching courses in the country.
Thisyear, about five Vietnamese-funded projects have been completed in Laos and twoothers have been launched.
Atthe meeting, the Cabinet members also pointed out slow capital disbursement ofthe projects, along with bottlenecks in procedures.
ThePM and other Cabinet members called for efforts to remove the difficulties tospeed up the implementation work and prepare for the meeting of theVietnam-Laos Inter-governmental Committee slated for January 2020./.
The national archive agencies of Vietnam and Laos signed a Memorandum of Understanding on bilateral cooperation in 2020 at a ceremony in Hanoi on December 3.
Lao Prime Minister Thongloun Sisoulith hosted a reception in Vientiane on December 6 for a delegation of the Vietnamese Ministry of Culture, Sports and Tourism led by Minister Nguyen Ngoc Thien who have been on a two-day working visit to Laos.
A Vietnam – Lao conference was held in the central province of Nghe An on December 7 to seeks ways to continue nurturing the bilateral relations and friendship and to share experiences in the ethnic work between the two countries.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
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.
Prime Minister Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA) 
