Trade Vietnam

Cooperation between Hanoi and Vientiane remains an example of the long-standing and special relations Vietnam-Laos.

The region is home to 26 logistics centers or 35% of the total nationwide.

The deal represents an opportunity for Vietnamese companies to diversify their supply chains for greater productivity and competitiveness.

The EVFTA since its inception on August 1, 2020, has contributed to raising bilateral trade turnover to $57 billion in 2021.

Both countries have huge potential for cooperation in various fields, especially in trade and investment.

The domestic sector has been a key contribution to the country’s trade surplus of $1.39 billion during the first month of the year.

Assuming Vietnam keeps the current pace of trading growth, the turnover could set a new record and exceed the $700-billion mark in 2022.

2022 would remain to be a favorable year for trade, especially as enterprises have improved their resilience and several economic sectors continue to benefit from CPTPP, EVFTA, and RCEP.