Of this, Vietnamese exports to Laos were valued at 465.7 million USD, up 4.1% year-on-year, while its imports from Laos reached 755.8 million USD, a rise of 51.3% year-on-year.
The main exports of Vietnam to Laos include vegetables, tubers and fruits, worth 44.8 million USD, up sharply by 230%; petrol and oil of all kinds (52.4 million USD, up 268%); fertilizers of all kinds (26.5 million USD, up 53.4%); other machinery, equipment, tools and spare parts (45.5 million USD, up 14.9%).
The total trade turnover between the two countries is expected to hit 1.6 billion USD this year, an increase of 20% against last year’s figure, fulfilling the target set by their leaders at the 44th meeting of the Vietnam-Laos Inter-Governmental Committee on Bilateral Cooperation.
