Laos Vietnam commercial registers are increasing significantly

Laos Vietnam commercial registers are increasing significantly

This figure represents an increase of 75.8 percent year-on-year and is due to Vietnamese exports, which totaled $56.8 million, an increase of 104.4 percent compared to the first month of last year corresponds.

Vietnam mainly exported to Laos oil ($11.6 million), steel products (5.44), transport vehicles and spare parts (4.3), other machinery, equipment and tools (3.3), iron and steel (2.98) as well as ceramic and porcelain products (1.8) and plastics (1.4).

Sales from Laos to Vietnam exceeded 117 million greenbacks, an annual growth of 64.7 percent, and mainly concerned rubber ($27.4 million), timber and derivatives (11.2), minerals (9.2), corn (8.5) and fertilizers of all kinds (6.4).

At its 46th meeting last January in Hanoi, the Intergovernmental Panel on Bilateral Cooperation set a goal of increasing trade between the two countries by 10 to 15 percent.

Trade transactions between Vietnam and Laos totaled $1.6 billion last year, a slight annual decline of 2.1 percentage points.