Vietnam, Laos enjoy growth in two-way trade in H1

According to the Vietnamese Trade Office in Laos, in the first half of 2021, two-way trade hit over 671 million USD, up 36.5 percent year on year, including Vietnam’s exports of over 329 million USD, and imports of more than 341 million USD, respective rises of 19.1 percent and 58.9 percent.

Compared to the first half of 2019 before the COVID-19 outbreak, two-way trade increased 16.6 percent, with Vietnam's import revenue rose 49 percent and exports dropped 5 percent.

In June 2021, two-way trade reached over 100 million USD, up 22.1 percent from the same period last year and 18.1 percent from June 2019.
 
Vietnam's key export staples included garment and textile products, transport vehicles and spare parts, machinery and equipment, and petrol and gasoline.

Meanwhile, Vietnam mainly imported good and wooden products from Laos, along with ore and minerals, and rubber.

In July, two-way trade is predicted not to rise due to complicated developments of the COVID-19 pandemic./.