MOIT VIETNAM | ACTIVITIES
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/ News / Activities
The Vietnam-Lao Trade Rankings Have Vietnam Firmly In Third Place.
With a total of about 65 million USD in exports and around 21 million USD in imports, Vietnam has surpassed all but two countries as Laos's third-largest trading partner. The importance of this trade relationship highlights the strategic economic position of Vietnam in the region.
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/ News / Activities
Vietnam and Laos Strengthen Cooperation in Multiple Areas
On March 7th, 2023, in Hanoi, Nguyen Hong Dien, the Minister of Industry and Trade of Vietnam, warmly welcomed and met with Bounleua Sinxayvoravong, the Governor of the Bank of Laos.
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/ News / Activities
Results On The Bilateral Trade Turnover Between Vietnam And Laos
In January 2023, the trade turnover between Vietnam and Laos saw a significant decrease compared to the same period in the previous year. According to the Trade Office of Vietnam in Laos, the total trade volume amounted to $99.2 million, marking a 27.3% decline from the $136.5 million recorded in January 2022.
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Construction of Semi High-Speed Rail Project from Cambodia to Thailand, Laos, Vietnam Set to Begin
Cambodia is projected to build a 382 km long semi-high-speed railway, with an estimated cost of about 4 billion USD, from Phnom Penh, the capital, to Poipet, on the Thai border, by the end of 2024. The goal is to link Laos's Preah Sihanouk and Vietnam's Ho Chi Minh City with this railway once it's finished.
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Promoting Cooperation between Vietnam and Laos' Central Foreign Relations Committees
In a meeting on February 22, Comrade Thongsavanh Phomvihane spoke with the delegation on behalf of General Secretary and President Thongloun Sisoulith, Speaker of the National Assembly Saysomphone Phomvihane, and Deputy Prime Minister and Minister of Foreign Affairs of Laos Saleumxay Kommasith.