Vietnam - Laos bilateral trade: US$2 billion by 2015.

The target was planned at  a meeting between Vietnamese Deputy Minister of Industry and Trade Nguyen Thanh Bien and his Lao counter part Khemmani Pholsena, in the Lao capital city of Vientiane yesterday (August 5th).


President of the Confederation of the Overseas Vietnamese Associations in Laos Hoang Dieu on February 17 handed over US$50,000 as a gift to the Lao National War Veteran Association.(Photo VOV)

According to the memoir, the two sides agreed to boost coordination with relevant ministries and branches to organize trade fairs in Laos in 2011 and the coming years. The two countries’ businesses also contact regularly through seminars and conferences.


They will continue granting tax incentives to their businesses and consider the expansion of the list of goods benefiting from tax incentives and implement projects on border trade development.


In 2010, two-way trade between Vietnam and Laos reached US$490 million , up 17.2 percent over 2009. In the first half of this year, the figure stood at US$349.8 million, a year-on-year increase of 65.8 percent.

Source VNExpress - Translated by MT

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