Vietnam-Laos trade records impressive growth in 2022
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.
Vientiane (VNA) – Two-way trade revenuebetween Vietnam and Laos in 2022 grew 24% from the previous year to reach some1.7 billion USD, beyond expectations of their leaders at the 44th meeting ofthe Vietnam – Laos Inter-Governmental Committee on Bilateral Cooperation earlierlast year.
Vietnam exported 656.4 million USD worth of goods tothe neighbouring country in 2022, up 10.4%, mainly oil and gas, fertilizers,steel, machinery and accessories, and means of transport.
Meanwhile, Vietnam’s imports were valued at 1.04 billionUSD, a year-on-year rise of 34.6%, with main items including wood and woodproducts, fertilizers, rubber and corn.
According to the Vietnam Trade Office in Laos, thetwo countries’ industry and trade sectors coordinated in organising a range of tradepromotion activities during the year, including a business forum in April, a conference on trade connectivity in farm produce, food and consumer goods inMay, a trade fair in Vientiane in August, and a trade forum in November,among others.
In December alone, the two-way trade stood at 211million USD, up 60% from the previous month./.
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The Communist Party of Vietnam (CPV) has obtained many outstanding achievements and accompanied the Lao People's Revolutionary Party (LPRP) in the development of the two sides and their gainful partnership, affirmed Thongsavanh Phomvihane, head of the LPRP Central Committee's Commission for External Relations.
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Illustrative image (Source: VNA) 
