Vietnam exports 97.4 million USD of goods to Laos in Jan-Feb
Vietnam exported 97.4 million USD worth of goods to the neighbouring country of Laos in the first two months of 2019, a rise of 20.26 percent against the same period last year, according to the industrial and commercial information centre under the Ministry of Industry and Trade.
Steel and steel products are among Vietnam's major exports to Laos. (Photo: VNA)
Hanoi (VNA) – Vietnam exported 97.4 million USD worth of goods to theneighbouring country of Laos in the first two months of 2019, a rise of 20.26percent against the same period last year, according to the industrial andcommercial information centre under the Ministry of Industry and Trade.
The country’s major exports to Laos are oil and gas, steel and steel products,and means of transport, which, together, accounted for 40.84 percent of thetotal number, with 12.8 million USD coming from oil and gas.
Trade turnover between Vietnam and Laos exceeded 1 billion USD in 2018, up 14percent year-on-year, the centre said.
Vietnam is Laos’ third largest trade partner, after Thailand and China.
The Lao Government is gradually removing complex administrative regulations andprocedures, reducing timing required for corporate establishment, cutting taxand upgrading infrastructure.
The move aims to improve the country’s business environment, thus attractingmore foreign investors, including those from Vietnam.-VNA
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Steel and steel products are among Vietnam's major exports to Laos. (Photo: VNA) 
