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Viet Nam becomes Laos’ third biggest trading parter in January

VGP - Viet Nam has emerged as the third biggest trading partner of Laos’ in January with the two-way trade reaching US$65 million.

Posts Kim Loan

March 08, 2023 9:13 PM GMT+7
Viet Nam ranks third among Laos’ markets - Ảnh 1.

Lao Bao international border gate - Illustration photo

Laos’ total trade value in the month was estimated at US$935 million, of which its export value stood at US$461, which means the country recorded a trade deficit of US$13 million.

The two-way trade turnover between Viet Nam and Laos reached US$99.2 million in January, a year-on-year decrease of 27.3 percent.

China remained the top importer of Laos' goods with US$ 156 million, followed by Thailand with US$ 128 million.

In 2022, two-way trade between Viet Nam and Laos increased by 24 percent against the previouos year to arround US$1.7 billion./.