Bilateral trade between Laos and Vietnam increases | Lao Tribune

Bilateral trade between Laos and Vietnam increases

The bilateral trade between Laos and Vietnam over the past eight months of this year amounted to US$540.3 million, an increase of 20 percent when compared to the same period in the previous year, but it did not reach the expectations of the two governments.

The main exports of Laos to Vietnam this year were agriculture products, maize, rubber, timbers, furniture, iron scraps, raw material, tobacco products, electric appliances and other goods.

While, the main imports to Laos from Vietnam include fuel, construction materials, coal, machines, spare parts, power grid components, clothes, medicine, medical equipment, consumer goods and so on.

This was a report of the Laos and Vietnam Cooperation Committee over the past ten months of this year, its direction and preparation for the 39th meeting between the governments of Laos and Vietnam.

From 1989 through now, the volume of Vietnam’s investment in Laos has been US$3.76 billion comprising 409 projects ranking Vietnam third for investment in Laos.

At the upcoming 39th meeting between the governments of Laos and Vietnam, the two governments will further discuss the annual cooperation plan for 2017, which will be a significant year as the 55th anniversary of the establishment of diplomatic relations and the 40th anniversary of the signing of the friendship and cooperation agreement will be celebrated.

Source: Lao News Agency