Laos Imports Fuel Worth USD 125 Million From Vietnam in 2022
Overall exports from Vietnam to Laos shot up by 10.4 percent to USD 656.4 million while other exports, including steel, dropped 15 percent to USD 60.1 million, and fertilizer surged up by 31 percent to USD 32.5 million.
Import of goods from Laos to Vietnam, on the contrary, rose by 34.6 percent to USD 1 billion, with primary products being wood, wood products, and asphalt.
Additionally, being under ASEAN Trade in Goods Agreement or Laos Bilateral Trade Agreement and the Vietnam – Laos Border Trade Agreement, most goods traded between Laos and Vietnam are tax-free. Over the past three years, Laos has become a popular destination for high-quality agricultural investments by businesses in Vietnam.
Phontham Visapra
