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 $1.6 billion US by the end of the year. The 44th meeting of the Inter-Governmental Committee on Bilateral Cooperation between Vietnam and Laos focused on this goal. This topic was discussed at length at the 44th meeting of the Vietnam-Laos Intergovernmental Committee on Bilateral Cooperation. The 44th meeting of the Vietnam-Laos Intergovernmental Committee on Bilateral Cooperation focused extensively on this goal. In-depth discussions on this goal took place at the 44th meeting of the Vietnam-Laos Intergovernmental Committee on Bilateral Cooperation.

The 44th Vietnam-Laos Intergovernmental Committee on Bilateral Cooperation conference dissected this goal into its constituent pieces and examined them at detail. The volume of trade between the two nations increased by this much over the previous year, which is the same as a twenty percent growth in terms of the total value. The prior calendar year saw a rise in the level of business activity. The volume of business transactions conducted in the previous year increased throughout the course of that year.

Between January and August of this year, there were a total of $8.97 billion worth of transactions that took place in foreign trade. Of that amount, $4.65 billion was gained from exports and $4.32 billion was earned from imports. This year, eight of the twelve months were contained within the first half of the calendar year. The first eight months of this year were exactly the same as the corresponding months of the year before. It is anticipated that a total of $12.03 billion will have changed hands as a direct result of economic activity by the time the current calendar year comes to a close. Throughout the first eight months of this year, a total of $8.97 billion worth of commercial transactions took place. When comparing the same two time periods from the previous year with those from this year, there was a decrease of 1.1%. 

Hydropower, gold, copper ore, rubber, and paper and paper products are Laos' most lucrative exports. A significant percentage of Laos' exports are made up of paper and paper goods. Also, Laos exports a considerable amount of paper and paper goods. Paper and paper products make up a significant share of Laos' overall exports, and Laos is a major exporter of both. Moreover, Laos is a major supplier of paper and paper goods. Paper and paper goods are another major export from the United States. Petroleum, vehicles, machineries, and a wide variety of other pieces of equipment and machinery are among the many things it imports from throughout the world.

The overall value of trade between the two nations in 2016 was $304 million, accounting for 7.9% of Laos' total import volume. When compared to Laos' overall import volume in 2016, trade with the neighboring country amounted for 7.9 percent. To back up this claim, consider that 7.9% of all imports into Laos came from Vietnam. Laos paid a total of $1.1 billion in import duties in 2016, which was about equal to the value of everything that was brought into the country that year. To arrive at this sum, we added up the prices of all the imports.