Vietnam exported goods to Laos worth more than $309.4 million, while its imports to the country were valued at $514.6 million in the first half of 2022. Two-way trade between Vietnam and Laos during the period rose by 20.6 per cent year-on-year to $824 million, according to the Vietnam Trade Office in Laos.

Vietnam exported textiles and garments that cost $5.43 million to Laos, while its main export products were petrol valued at nearly $30.2 million and vegetables and fruits worth almost $22.4 million.

Vietnam exported goods to Laos worth more than $309.4 million, while its imports were valued at $514.6 million in the first half of 2022. Two-way trade between Vietnam and Laos during the period rose by 20.6 per cent year-on-year to $824 million, according to the Vietnam Trade Office in Laos. Vietnam’s textile exports to Laos stood at $5.43 million.

In the month of June 2022, two-way trade between the countries was $134 million, which is an increase of 29.9 per cent compared to the same period last year. Of this, Vietnam’s export turnover touched $54.6 million, which a rise of 11 per cent, according to data.

It is anticipated that Vietnam’s export to Laos will continue to increase in July as Lao economy has temporarily stabilised after the government approved a credit package to buy 200 million litres of petrol, and further restricting trade in foreign currency.

Fibre2Fashion News Desk (NB)