Laos enjoys trade surplus with Vietnam
Laos enjoyed a trade surplus of US$6.5 million with Vietnam in the first four months of this year, according to the Vietnam General Department of Customs.
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Major exports from Laos to Vietnam included wood and wooden products worth US$65.2 million in value, fertiliser worth US$12 million, and mineral ores worth US$11 million.
Meanwhile, Vietnam ’s main exports to Laos were iron and steel with a turnover of US$27.8 million; petrol, US$18.3 million; and transportation means,US$15.7 million.
Bilateral trade between the two nations totalled US$1.3 billion in 2014, up 14.2% from the previous year.
The figure is expected to hit US$2 billion by 2020, an increase of 40% against 2014.
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