Fertiliser production at Long My Fertiliser Factory _ Illustrative image (Photo: VNA)
Vientiane (VNA) – Bilateral trade between Vietnam and Laos reached1.36 billion USD in the first 10 months of 2022, up 28.3% year-on-year.
Of the total, Vietnam’sexports were valued at 512.3 million USD, up 3.7% year-on-year, mainly from theshipment of fruit and vegetables (51.7 million USD, up 260.7%), fuel (58 million USD, up 247%),iron and steel (53.7 million USD, down 8%), machinery and spare parts (52.1 millionUSD, up 4.5%), and fertiliser (29 million USD, up 55.5%).
Meanwhile, Vietnam spent 849.5million USD on commodities from Laos, a year-on-year rise of 49.5%. The mainimports included rubber (193.4 million USD, up 49%), fertiliser (80 million USD, up 11.8%), woodand wood products (116.6 million USD, up 47.7%), and ores and other minerals (71.9million USD, up 4.4%).
According to the Vietnam TradeOffice in Laos, two-way trade may reach about 1.63 billion USD for the entire 2022, an increase ofover 20% compared to last year, fulfilling the target set by the leaders of thetwo countries at the 44th meeting of their Intergovernmental Committee onBilateral Cooperation./.
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.
The first Thailand-Vietnam-Laos Business Forum was held in Thailand’s Udon Thani province on November 28, attracting 300 management officials and Vietnamese businesses from the three countries.
The Ministry of Labour, Invalids and Social Affairs of Vietnam and the Ministry of Labour and Social Welfare of Laos should work more closely together to build labour and social cooperation strategies to suit the current situation of each country as well as the region and the world, Deputy Prime Minister Vu Duc Dam told Lao Minister of Labour and Social Welfare Baykham Khattiya.
The Consulate General of Vietnam in Laos’s Luang Prabang province has coordinated with eight northern Lao provinces to organise a ceremony reviewing the Vietnam-Laos and Laos-Vietnam Year of Friendship 2022.
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.
Fertiliser production at Long My Fertiliser Factory _ Illustrative image (Photo: VNA) 
