MOIT VIETNAM | NEWS
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In Spite Of Economic Difficulties, Trade And Industrial Cooperation Between Vietnam And Laos Have Been Strengthening.
The Deputy Ministers of Industry and Trade of Vietnam and Laos met at the Vietnamese Ministry of Industry and Trade headquarters on March 13, 2023, in a major step toward strengthening bilateral relations. Mr. Tran Quoc Khanh of Vietnam welcomed Mr. Bunthong Duonsavan of Laos.
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In An Effort To Bring Stability To Inflation, Laos Has Instituted Macroeconomic Stabilization Measures.
In an attempt to overcome economic difficulties and attain recovery, the Laotian government stressed the deployment of decisive measures to stabilize the exchange rate, limit inflation, expand trade, and attract investments during the regular government meeting in February.
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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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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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Vietnam, Laos, And Thailand Are Making Substantial Investments To Enhance Tri-National Connectivity.
The nine provinces that share Routes 8 and 12 attended the 23rd Sub-Committee Cooperation Meeting on March 2, 2023, in the Bolikhamxay Province of Laos, Vietnam, and Thailand.