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Vietnam-Laos trade continues flourishing

Update: 20-10-2021 | 16:52:52

Two-way trade between Vietnam and Laos surpassed 947 million USD in the first nine months of 2021, up 28.2 percent year-on-year, according to the Vietnam Trade Office in Laos.

 

- Two-way trade between Vietnam and Laos surpassed 947 million USD in the first nine months of 2021, up 28.2 percent year-on-year, according to the Vietnam Trade Office in Laos.

 

Of the total, Vietnam’s exports were valued at over 447 million USD, up 6 percent year-on-year, and imports 499 million USD, up 57.9 percent.

 

Compared to the same period of 2019 when the COVID-19 did not break out yet, the bilateral trade turnover rose by 14.4 percent.

 

In September alone, the two countries’ import-export value exceeded 99 million USD, up 10.8 percent year-on-year.

 

In the month, Vietnam continued to record a trade deficit of 21.57 million USD. During January-September, the country posted a trade deficit of 52.4 million USD with Laos.

 

In the nine-month period, Vietnam sold to Laos mainly steel products (57.6 million USD), machinery, equipment, tools and spare parts (39.6 million USD), and fertilisers (17.25 million USD). It imported from Laos over 106.9 million USD worth of rubber, 71 million USD worth of timber and timber products, and 58 million USD worth of minerals./.

 

VNA

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