It is projected that commercial transactions between the two countries would make major advance in the previous year, despite the fact that the COVID-19 outbreak has posed a great deal of difficulty. Electricity of Vietnam is now working on two projects with a large capacity that are connected to the power purchase and sale cooperation between Vietnam and Laos. A lot of power purchase and sale contracts (PPAs) were signed with investors in order to buy a huge amout of megawatts (MW) of energy from Laos, and the two nations are also continuing to support further projects that will be able to provide electricity to Vietnam.

At the moment, Laos has distributed investment certificates for more than 100 projects, and the total registered investment capital for these projects is about more than 4 million USD. The previous year 2021 witnessed many new permitted projects in addition to capital-adjusted projects, bringing the total amount of registered capital to almost 120 million USD. This is a 30% increase from the amount of registered capital in 2020. Approximately $3 billion worth of money has been realized as of this point in time (or 50.4 percent of total registered capital).

Economic, trade, and investment cooperation has not yet been formed despite the bad condition in the globe and the region, particularly in the delicate scenario of the COVID-19 outbreak. Attractive, encouraged, and fruitful investment opportunities between the two nations have a long history. In addition to meeting financial responsibilities to Lao state agencies, providing secure employment for thousands of Lao employees, and contributing significantly to Laos's process of economic regulation, many projects are still actively underway and doing admirably.
Therefore, Vietnamese businesses have contributed over $1 billion to the Lao government's coffers over the previous 5 years, and have spent almost $80 million on social-security related initiatives in Laos. 

The transportation industry has continued to benefit from collaborative efforts, which have continued to produce fruit. Without funding, a number of significant infrastructure projects, such as the Hanoi-Vientiane road and the Vung Ang-Vientiane railway line, would not be able to move forward. As a result, the governments of the two countries have collaborated closely in order to investigate and encourage the search for opportunities to obtain such funding. On the occasion of the President of Vietnam visit to Laos, the project of constructing a new home for the Lao National Assembly will be handed over to the Lao government.

Agreement on the contents of the draft documents, which include the outcomes of economic cooperation between the two sides in 2021 and the agreement on the Vietnam-Laos cooperation plan for 2022. The progress that had been made and the problems that might arise in the near future were both well known to both parties. Under the Vietnam-Laos Cooperation Plan 2021, there are a number of high-level agreements that have been fulfilled slowly and inefficiently up to this time.

Because of the sluggish implementation of the plan to integrate the two economies, Vietnamese businesses have reduced their investment in Laos, resulting in the postponement or cancellation of a number of projects. However, the volume of trade has not been commensurate with the respective strengths and resources of the two parties, and there have been delays in resolving some of the more significant issues that have arisen.

As a result, the East-West economic corridor is now more quickly connected to Vietnam and Laos, and in the not-too-distant future, the ASEAN and GMS transport development project will prioritize the research, development, and enhancement of the route that links the two. Vietnam has prioritized keeping all of its seaports in a condition conducive to the import and export of goods from Laos.

In addition, they carried out feasibility studies on connecting the power grids of Cambodia, Laos, and Vietnam, and continued to implement the MOU on collaboration in the building of hydropower projects in Laos, connection of the power system, and energy trading.