Vientiane (VNA)🔜 - Bilateral trade between Vietnam and Laos reached 99.2 million USDin January, a year-on-year decrease of 27.3%.
Vietnamese shipments to Laos were valued at 27.8 millionUSD, down 35% from a year ago, while its imports from Laos reached 71.4 millionUSD, a year-on-year decline of 23.8%.
Major exports included vegetables and fruits with 1.94 million USD and petroleum products of all kinds 3 million USD, representing respective increases of 242.2% and 24.9% against thecorresponding period last year.
💖 Its main imports fromLaos were corn, rubber, wood and wood products and fertilisers of alltypes.
Two-way trade revenue between Vietnam and Laos in 2022 grew24% year-on-year to reach some 1.7 billion USD. Vietnamexported 656 million USD worth of goods to the neighboring country in 2022, upover 10%. The included mainly oil and gas, fertilizers, steel, machinery and accessories,and means of transport. Meanwhile,Vietnam’s imports were valued at over 1 billion USD, a year-on-year rise of35%, with main items including wood and wood products, fertilisers, rubber andcorn. InDecember alone, the two-way trade stood at 211 million USD, up 60% from a yearearlier./.
Despite impacts caused by COVID-19 pandemic and natural disasters in two years, two-way trade between Vietnam and Laos has regained its growth momentum, with the visit of Prime Minister Pham Minh Chinh and the 45th meeting of the Vietnam-Laos Inter-Governmental Committee expected to help promote sustainable development of bilateral ties.
Visiting Prime Minister Pham Minh Chinh and his Lao counterpart Sonexay Siphandone co-chaired the two countries’ investment cooperation conference in Vientiane on January 12.
Two-way trade revenue between Vietnam and Laos in 2022 grew 24% from the previous year to reach some 1.7 billion USD, beyond expectations of their leaders at the 44th meeting of the Vietnam – Laos Inter-Governmental Committee on Bilateral Cooperation earlier last year.
Minister of Industry and Trade Nguyen Hong Dien and Lao Minister of Energy and Mines Phoxay Sayasone have agreed to further boost Vietnam-Laos cooperation in energy and mining, contributing to the traditional friendship, special solidarity, and comprehensive partnership between the two nations.
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Illustrative image. (Photo: VNA) 
