THE SOCIALIST REPUBLIC OF VIET NAM
Government News
Laos-VN Trade Fair opens
VGP - Nearly 100 businesses from Laos and Việt Nam are showing their products at the Laos-Việt Nam Trade Fair which opened in Pakse Town, Champasak province, Laos on April 7.
Present at the opening ceremony were member of the Laos People’s Revolutionary Party and Champasak’s Governor Sonsay Siphandone, Vietnamese Deputy Minister of Industry and Trade Nguyễn Cẩm Tú; and Laos Deputy Minister of Industry and Commerce Khemmani Pholsena.
This is the first Laos-Việt Nam trade fair organized in Laos under the framework of the Việt Nam-Laos Friendship Year.
The fair provides a good chance for businesses from the two countries to introduce their products, and set up strong import-export networks.
Two-way trade enjoyed a year-on-year growth of 27% in the 2005-2011 period, hitting US$734 million in 2011.
The two countries are expected to raise their import-export value to US$2 billion by 2015.