Vietnam-Laos trade increases by 19.2 percent in Q1
Two-way trade turnover between Vietnam and Lao topped 403 million USD in the first quarter of this year, up 19.2 percent over the same period last year, according to the Vietnamese Trade Office in Laos.
Vientiane (VNA) – Two-way trade turnover between Vietnam and Lao topped 403 million USD in the first quarter of this year, up 19.2 percent overthe same period last year, according to the Vietnamese Trade Office in Laos.
Of which, Vietnam's exportrevenue hit 130 million USD, down 18 percent over the same period, while itsimports from Laos picked up 52.4 percent year-on-year to 272 million USD.
Commodities that enjoyed highgrowth in the period include fertiliser, petrol, electric wire and cable with year-on-year rises of 161.6 percent, 142.3 percent and 42.5 percent,respectively.
Items that experienced a dropin export revenue include coffee with 80.7 percent, common metals and finishedproducts with 76.6 percent, wood and wooden products with 49.7 percent.
Data from the trade officeshowed a rise in revenue of all items imported from Laos. Notably, Vietnam spentmore than 28 million USD importing Lao ore and minerals, 405 percent higher thanthe same period last year.
💝 It attributed the decrease in Vietnam's export turnover and rise in import turnover in thefirst quarter of this year to the fact that prices of products imported from Laos have surged due to a scarcity in supply caused by the Russia-Ukraine conflict./.
The 12th Vietnam - Laos border trade development cooperation conference was held in the Lao capital of Vientiane on April 11 under the co-chair of Vietnamese Minister of Industry and Trade Nguyen Hong Dien and his Lao counterpart Khampheng Xaysompheng.
Minister of Industry and Trade Nguyen Hong Dien paid a courtesy call to Lao Prime Minister Phankham Viphavanh in Vientiane on April 11, part of his working trip to Laos to co-chair the border trade development cooperation conference.
Vietnam and Laos have taken significant strides in recent years in hydrometeorological cooperation, according to General Director of the Vietnam Meteorological and Hydrological Administration (VNMHA) Tran Hong Thai.
The State Audit of Vietnam (SAV) cooperated with its Lao counterpart to hold a workshop to exchange practices in building the public audit system via video teleconference on April 21.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
Illustrative image (Photo: VNA) 
