Lao firms to display products in HCM City for first time
A large-scale trade event introducing products of Lao businesses, the first of its kind, will be held in Ho Chi Minh City from January 24-28, said a Lao official.
A large-scale trade event introducing products of Lao businesses, the first of its kind, will be held in Ho Chi Minh City from January 24-28, said Somxay Sanam Oune, Lao Consul General in HCM City (Photo: VNA)
HCM City (VNA) – A large-scale trade event introducing products of Laobusinesses, the fi🍷rst of its kind, will be held in Ho Chi Minh City fromJanuary 24-28, said a Lao official.
Somxay SanamOune, Lao Consul General in HCM City, said nearly 140 products made by Laoenterprises will be displayed at 100 booths, including specialties, processedfood, medicinal herbs and handicrafts, among others. The Lao diplomatstressed that Lao companies consider Vietnam and HCM City in particular as animportant market, and they expected that trade promotion and good exchangeactivities will be held more regularly in the coming time. Pham Thiet Hoa, Directorof the HCM City Investment and Trade Promotion Centre, said the event is ofgreat significance, helping to promote trade and bring Lao products closer toVietnamese customers. To facilitatetrade exchanges between Vietnamese and Lao businesses, HCM City-based exportfirms will also showcase their products at 40 pavilions, he added. In 2017, two-waytrade exceeded 900 million USD, a rise of 10 percent against the previous year.The two countries are striving to bring the bilateral trade turnover to 4billion USD by 2020.-VNA
A protocol adjusting the goods transit agreement between Vietnam and Laos has been signed, creating favourable conditions for transit of goods between the two countries.
The ministries of industry and trade of Vietnam and Laos co-organised a forum in Vientiane on December 19 to seek ways to improve bilateral trade, which is estimated at 900 million USD in 2017.
Vietnamese enterprises have reaped successes in Laos thanks to sound business opportunities, market scale and operation quality in the neighbouring country.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.