Vietnam exported USD 656.4 million worth of goods to the neighboring country in 2022, up 10.4%, mainly oil and gas, fertilizers, steel, machinery and accessories, and means of transport.

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Meanwhile, Vietnam’s imports were valued at USD 1.04 billion, a year-on-year rise of 34.6%, with main items including wood and wood products, fertilizers, rubber and corn.

According to the Vietnam Trade Office in Laos, the two countries’ industry and trade sectors coordinated in organizing a range of trade promotion activities during the year, including a business forum in April, a conference on trade connectivity in farm produce, food and consumer goods in May, a trade fair in Vientiane in August, and a trade forum in November, among others.

In December alone, the two-way trade stood at USD 211 million, up 60% from the previous year.

Source: VNA