Vietnam–Laos exports cross $309.4 mn in H1 2022

Vietnam exported textiles and garments that cost $5.43 million to Laos, while its main export products were petrol valued at nearly $30.2 million and vegetables and fruits worth almost $22.4 million.

In the month of June 2022, two-way trade between the countries was $134 million, which is an increase of 29.9 per cent compared to the same period last year. Of this, Vietnam’s export turnover touched $54.6 million, which a rise of 11 per cent, according to data.

It is anticipated that Vietnam’s export to Laos will continue to increase in July as Lao economy has temporarily stabilised after the government approved a credit package to buy 200 million litres of petrol, and further restricting trade in foreign currency.

Fibre2Fashion News Desk (NB)