MOIT VIETNAM | NEWS
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Vietnam Invests Over USD 3.7 Billion in the Development Triangle Area of Laos and Cambodia
In the Development Triangle Area of Laos and Cambodia, Vietnam has 110 projects with a total registered investment capital exceeding USD 3.7 billion, accounting for over 24% of the total projects and more than 44% of the investment capital in Laos and Cambodia overall.
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Strengthening the Special Vietnam-Laos Partnership
General Secretary Nguyen Phu Trong affirmed that the Vietnam-Laos relationship remains a top priority in Vietnam’s foreign policy and holds a uniquely important role. He also highlighted key areas to further strengthen the relationship between the two parties and the two countries in the future.
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Trade Figures Between Vietnam and Laos for January 2024
According to data from the Vietnam Customs Department, trade between Vietnam and Laos in January 2024 has experienced significant growth compared to the same period in 2023, reaching $174.4 million—an increase of 75.8%. Vietnam recorded a trade deficit of $60.8 million with Laos.
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Vietnamese Companies Invest Billions of USD in Laos
Renowned companies such as Viettel, HAGL, HAGL Agrico, Vinamilk, BIDV, GVR, and Petrolimex are making significant investments, contributing to the total registered investment capital in Laos, which now stands at $5.5 billion across 245 projects.
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Laos to Export 11 Million Tons of Coal to Vietnam in 2024
The Kaleum coal mine in Sekong Province, Laos, is set to export 11 million tons of coal to Vietnam in 2024 through two international border gates in Quang Tri Province.