MOIT VIETNAM | Vietnam - Laos promote border trade cooperation
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Vietnam - Laos promote border trade cooperation
At Dong Hoi city, Quang Binh province - Vietnam’s Ministry of Industry and Trade cooperated with Laos’ Ministry of Industry and Trade to organize The 11th Vietnam-Laos border trade development cooperation conference.
Attending the meeting were Vietnam’s Deputy Minister of Industry and Trade Tran Quoc Khanh, Laos’ Deputy Minister of Industry and Trade Bounmy Manivong and the leaders of 20 border provinces of Vietnam and Laos and businesses of the two countries.
Since the previous conference, the two countries have seen new steps of development in their trade relations, and cross-border trade in particular.
In 2017, trade turnover between the two countries reached nearly 936 million USD, up 13.6 percent from the previous year.
Vietnam's main products exported to Laos are seafood products, leather shoes, garments, construction materials, steel, petrol and oil. Vietnam's imported product from Laos are wood and wood products, minerals ...
In recent years, Vietnam and Laos have signed numerous trade agreements and memorandums of understanding in order to promoting their economic and trade ties.
On this occasion, Vietnam’s Ministry of Industry and Trade and Laos’ Ministry of Industry and Trade have signed a memorandum of cooperation on developing border trade between the two countries for the period of 2018-2020, as a basis for the two sides to build and implement the missions in the coming time.
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