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Vietnam exported $656 million worth of goods to the neighboring country in 2022, up over 10%, mainly oil and gas, fertilizers, steel, machinery and accessories, and means of transport.
Meanwhile, Vietnam’s imports were valued at over $1 billion, a year-on-year rise of 35%, with main items including wood and wood products, fertilizers, rubber and corn.
In December alone, the two-way trade stood at $211 million, up 60% from the previous year.
According to the Vietnam Trade Office in Laos, the two countries’ industry and trade sectors coordinated in organizing a range of trade promotion activities during the year, contributing to the rise of bilateral trade.
