MOIT VIETNAM | NEWS
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Vietnamese Enterprises Urge to Increase Investment in Laos
Deputy Prime Minister Nguyễn Chí Dũng has called on domestic businesses to thoroughly study the Laotian market and policies, and to propose concrete investment ideas and projects.
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Vietnam and Laos Strengthen Political Trust, Expand Economic Cooperation, and Jointly Nurture Their Special Bond of Solidarity
The relationship between Vietnam and Laos, often described as “unique in the world,” has once again been reaffirmed through the recent official visit of Deputy Prime Minister Nguyễn Chí Dũng to the Lao People’s Democratic Republic. For Mr. Nguyễn Chí Dũng, this trip was not merely a diplomatic mission—it was both a homecoming and a moment of deep personal pride, as he returned to a country long considered a trusted friend and brother to Vietnam, now in his new capacity as Deputy Prime Minister.
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Vietnam–Laos Bilateral Trade Reaches USD 1.3 Billion in First Four Months of 2025
Economic cooperation between Vietnam and Laos has seen strong and consistent growth in recent years. In 2024, two-way trade reached USD 2.2 billion, up 33.9% from 2023. The momentum continued into 2025, with bilateral trade in the first four months alone reaching USD 1.3 billion — a remarkable 109.3% increase compared to the same period last year.
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Viet Nam and Laos Set Ambitious Target of USD 5 Billion in Bilateral Trade
During a meeting in Hanoi on April 16, Prime Minister Phạm Minh Chính of Viet Nam and Prime Minister Sonexay Siphandone of Laos reaffirmed their commitment to strengthening the special friendship and comprehensive cooperation between the two nations. Both leaders agreed to direct relevant ministries and agencies to effectively implement high-level agreements, foster economic and investment cooperation, and create breakthroughs aimed at raising bilateral trade turnover to USD 5 billion.
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Vietnam and Laos Accelerate Strategic Potash Mining Partnership to Strengthen Economic and Diplomatic Ties
The Government of Laos has reaffirmed its unwavering commitment to the joint strategic project for the extraction and processing of potash minerals — a landmark initiative that has the potential to reshape not only bilateral trade but also the strategic cooperation framework between Vietnam and Laos. Pledging to continue creating favorable conditions for the Vietnam National Chemical Group (Vinachem), the Lao Government has underscored that this venture is more than an economic investment; it is a testament to the enduring friendship and political solidarity between the two nations.