Vietnam, Laos eye 2 billion USD in two-way trade - News Summed Up

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Vietnam, Laos eye 2 billion USD in two-way trade


Illustrative image (Photo: VNA)Vientiane (VNA) – 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. Deputy head of the Vietnamese Ministry of Industry and Trade’s Department of Asia-Africa Markets Do Quoc Hung said Laos now ranks first among 78 countries and territories invested by Vietnam. Meanwhile, Vietnam is the third biggest investor in Laos, mostly in agriculture, banking, finance, telecommunications, manufacturing and processing. Reports at the event focused on trade achievements between the two countries, bilateral cooperation in market management and energy development. Participants at the event debated ways to pool more resources and corporate involvement in trade infrastructure, retail distribution and processing industry to achieve the set target of 2 billion USD soon./.


Source: Viet Nam News November 25, 2022 21:00 UTC



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