The total amount of commerce that took place between the two nations in 2022 reached $1.5 billion, representing a 28% increase when compared to the previous year's total. The governments of both nations have promised to increasing this number by between 15 and 20 percent throughout the course of the current year.

According to the data provided by the Lao Ministry of Industry and Commerce, the value of exports that took place between Laos and Vietnam reached $195 million in the months of January and February of this year. In contrast, it was predicted that the value of imports over the same months was sixty million dollars.

However, Vietnam has lately emerged as a major foreign investor and has become the country's third-largest trading partner. Trade with China and Thailand is highly significant to the Laotian economy; however, Vietnam has also become the country's third-largest trade partner.

During his trip to Vietnam in January, Cambodian Prime Minister Phankham Viphavanh made the announcement that bilateral connections will be expanded in the fields of commerce, investment, education, transportation, and the construction of hydropower, transmission of electricity, and the purchase of energy.

This year celebrates both the 60th anniversary of diplomatic links between Vietnam and Laos as well as the 45th anniversary of the signing of the Vietnam-Laos Treaty of Amity and Cooperation. In order to commemorate both of these anniversaries, Vietnam and Laos have agreed to do so together. 1973 was the year that saw the signing of the Vietnam-Laos Treaty of Amity and Cooperation. These two anniversaries are also being celebrated in this year.

Following the conclusion of the meeting of the Inter-governmental Committee, the two prime ministers presided over a meeting of their respective business sectors. The purpose of the gathering was to encourage investment engagement between the corporate leaders of both nations.

It is anticipated that advantageous circumstances will be formed for Vietnamese enterprises investing in Laos and Laotian businesses with interests in Vietnam, and that any obstacles that now stand in the way would be eliminated.

By the year 2020, companies with their headquarters in Vietnam will have spent a cumulative amount of more than $4 billion throughout the whole of the Laotian economy in more than 400 distinct projects. The bulk of these investments are targeted, in descending order, toward the mining industry, the industrial sector, and the agricultural sector. Vietnam is in third place in Laos after only China and Thailand in terms of the amount of money invested from outside the nation.

The goal of the several cooperation agreements that Laos and Vietnam have recently signed is to further strengthen the already robust connections that they have with one another and increase the amount of help that they provide for one another.

Vietnam made a promise one month ago to continue assisting the investment industry in Laos, and they have kept that promise. To be more specific, Vietnam has said that it would maintain its role as the nation's primary provider of technical training for the planning and investment agencies.

The two countries are working together to coordinate their efforts to entice corporate investment through the provision of inducements to contracting parties. The parties' respective plans are being carried out, and any outstanding issues that are connected to investment projects that have already been authorized are being resolved.

In addition to this, Vietnam will go on with its role as a hub for the mobilization of resources and the exchange of knowledge with the goal of encouraging more Vietnamese businesses to invest in Laos. The purpose of this attempt is to increase the number of Vietnamese companies that invest in the Laotian economy.