VOV.VN - Bilateral trade turnover between Vietnam and Laos reached over US$671 million during the first half of this year, representing a rise of 36.5% compared to the same period from last year.
Vietnamese exports to neighbouring country hit over US$329 million, up 19.1%, whilst its imports stood at over US$341 million, up 58.9%.
June alone saw trade turnover between both sides reach more than US$100 million, a year-on-year rise of 22.1% and up 18.1% from the same period from 2019, the period before the COVID-19 pandemic broke out.
Major Vietnamese exports included machinery, equipment, tools and spare parts, petroleum and oil, means of transportation, along with garments and textiles, while its import staples were timber and wooden products, ores, minerals, and rubber.
Moving forward, July’s trade turnover is anticipated to slow down due to the complicated developments relating to the COVID-19 pandemic in Vietnam.
The special Vietnam - Laos friendship has been growing unceasingly across the board in the recent past, including in trade, which has been developing in an increasingly substantive manner.
VOV.VN - Lao Cai border gate continued to record robust growth in terms of import and export activities, with the value of goods and other services moving across the nation’s northern border reaching approximately US$950 million during the first quarter of the year, a rise of 75% compared to the same period from 2020.
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