MOIT VIETNAM | Vietnam-Laos commerce reached over a billion dollars in the first two quarters of this year, up 40 percent

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Vietnam-Laos commerce reached over a billion dollars in the first two quarters of this year, up 40 percent

24th October 2022 post by MOIT Vietnam

This figure was determined by comparing the figures from the previous year to the figures from the current year.

While the total amount of money spent on exports increased by 4.1%, reaching $465.8 million, the total amount of money spent on imports increased by 51.3%, reaching $755.8 million. In other words, the total amount of money spent on exports was higher than the total amount of money spent on imports. The difference between these two numbers is shown in the table that can be seen below. This stands in sharp contrast to the rise in the overall sum of money spent on exports, which is seen in the previous sentence. Despite all of this activity that was going on, a total of 465,8 million dollars was spent on exports.

The most important exports in terms of income for Vietnam were petroleum (52.4 million USD, an increase of 268%), fertilizer (26.5 million USD, an increase of 53.4%), and fruit and vegetables (44.8 million USD, an increase of 230%). First position for Laos's imports belongs to rubber, with $169.3 million brought in (a rise of 58.7%), followed by fertilizers, with $67.4 million brought in (a rise of 123.3%), and then timber and forest goods, with $106.2 million brought in (a rise of 49.1%).

According to projections made by the Vietnam Trade Office in Laos, the total value of all commercial transactions that take place between the two countries would top $1.6 billion by the end of this year. These projections were constructed using information obtained from both nations. Vietnam was kind enough to supply us with these estimations so that we could look them over. When compared to the total amount that was traded during the previous year, 2017, this would indicate that the value has increased by more than twenty percent. In the event that something comparable were to occur, it would be evidence that the two countries had been successful in reaching their goal of attending the 44th meeting of the intergovernmental council on bilateral cooperation. This would be evidence that the two countries had been successful in reaching their goal of attending the 44th meeting of the intergovernmental council on bilateral cooperation. This would be proof that the two countries had been successful in accomplishing their aim of attending the summit. The goal had been to attend the meeting. This would be evidence that the two nations had been successful in achieving their goal of attending the summit. The goal had been to attend the meeting together.

Attending the meeting was supposed to be the objective. If it had been feasible for the two countries to reach the goal that they had set for themselves to accomplish, then this would be the case. If this were the case, it would be proof that the two countries had been successful in achieving their aim of increasing the level of cooperation that exists between them. If this were the case, it would be evidence that the countries had been successful in achieving their goal. If this were to turn out to be the case, it would be undeniable evidence that the two nations had been successful in achieving their objective. If this were to turn out to be the case, it would be indisputable proof that both countries had been successful in achieving their objective, which would be an unmistakable indication that they had been successful overall. This would be an indication that the countries had been successful in completing their purpose, and as a consequence, this signal that things are heading in the right direction as a result of the previous statement.