MOIT VIETNAM | NEWS
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Vietnam and Laos: Sustainable and effective trade cooperation
Vietnam and Laos: Sustainable and effective trade cooperation
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Last year, Vietnam and Laos increased trade to over a billion dollars in products and services
Leaders from both nations agreed at the 44th meeting of the Vietnam-Laos Inter-Governmental Committee on Bilateral Cooperation to increase trade between their countries to $2 billion US by the end of the year.
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Connecting infrastructure to boost Vietnam-Laos economy and the whole region
Connecting infrastructure to boost Vietnam-Laos economy and the whole region
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According to the most recent data, which can be found on the website of the Lao Trade Portal, the country of Laos racked up a trade deficit
According to the most recent data, which can be found on the website of the Lao Trade Portal, the country of Laos racked up a trade deficit during the month of November 2022 that was equivalent to 45 million dollars in terms of the currency that is used in the United States. This figure is expressed in terms of the currency that is used in the United States.
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2023 is expected to see a big shift in Laos' inflation rate
It is anticipated that there will be a shift in the yearly percentage rate of inflation in the Lao People's Democratic Republic (also known as the Lao PDR). This forecast is derived on the most recent forecasts of the economy.