Vietnam-Laos trade records growth in first half of 2021

Friday, July 30, 2021  15:26

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 neighboring countries 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.

VOV