Vietnam and Laos expect to achieve 2 billion USD in two-way trade in the near future, given that the figure surged 28.2% annually to 1.4 billion USD in ten months of this year, heard a forum held in Vientiane on November 25.
Vientiane (VNA) – Vietnam and Laosexpect to achieve 2 billion USD in two-way trade in the near future, given thatthe figure surged 28.2% annually to 1.4 billion USD in ten months of this year,heard a forum held in Vientiane on November 25.
Speaking at the event,Somvixay Vongthilath, Deputy Director of Trade Promotion Department under the Lao Ministry of Industry and Commerce (MIC), said the event offers achance to listen to concerns of businesses and review the efficiency ofexisting cooperation frameworks to fine-tune policies, mechanisms and laws,thus helping firms improve their production and export capacity, even export tothe third country.
Deputy head of the VietnameseMinistry of Industry and Trade’s Department of Asia-Africa Markets Do Quoc Hungsaid Laos now ranks first among 78 countries and territories invested byVietnam. Meanwhile, Vietnam is the third biggest investor in Laos, mostly inagriculture, banking, finance, telecommunications, manufacturing andprocessing.
Reports at the eventfocused on trade achievements between the two countries, bilateral cooperationin market management and energy development.
Vice Chairman of theVietnamese Business Association in Laos Nguyen Xuan Ha suggested the MIC issuepolicies to protect domestically-made goods and importers of goods via officialchannels.
He also urged the twogovernments and the Lao Ministry of Public Works and Transport to soon upgradethe Lao section of road linking Vietnam and Laos and build the Hanoi-Vientianeexpressway to save time and cost of trade between the two nations.
Participants at theevent debated ways to pool more resources and corporate involvement in tradeinfrastructure, retail👍 distribution and processing industry to achieve the settarget of 2 billion USD soon./.
The 3rd Congress of the Vietnam - Laos Friendship Association in Ho Chi Minh City (VLFA HCM City) took place on November 11, focusing on discussing measures to effectively promote people-to-people diplomacy between HCM City and Lao localities.
Forty Vietnamese and Lao young military officers attended an exchange in the northern Lao province of Luang Prabang on November 18, held as part of a visit by General Luong Cuong, Chairman of the General Department of Politics under the Vietnam People's Army (VPA).
The leaders of the National Assemblies of Vietnam, Cambodia and Laos signed a joint statement on establishing their summit mechanism in Phnom Penh on November 20, in the framework of the 43rd General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA-43).
The Vietnam Fatherland Front (VFF) and the Lao Front for National Construction (LFNC) co-held their 7th international conference on the nations’ border of peace, friendship, and cooperation for mutual development in Laos’ Savannakhet province on November 22.
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.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
Illustrative image (Photo: VNA) 
