Sign up | Log in



Home  >>   Daily News  >>   Vietnam   News  >>   Trade  >>   Vietnam, Laos sign trade pact
NEWS UPDATES 10 September 2010

Vietnam, Laos sign trade pact

Related Stories

September 6, 2010
Air transport makes Vietnamese fruit competitive

August 19, 2010
Vietnam’ s plastics industry to hit a billion


August 13, 2010
Value-added exports crucial to Vietnam

uly 13, 2010
 Vietnamese bicycle makers to resume EU exports

July 8, 2010
Vietnam boosts trade with Cambodia

October10, 2009

Vietnam expects trade with Cambodia to rebound in 2010

  Viet Nam and Laos signed a memorandum of understanding at the seventh conference for the development of cross-border trade in central Thanh Hoa Province yesterday.

The conference also asked for the issue of regulations and policies to foster economic development on the Viet Nam-Laos border and the completion of administrative reform at border gates to allow the transit of third-country goods.

The reform would accord with the agreement among the Greater-Mekong - Sub region countries - Cambodia, China, Laos, Myanmar, Thailand and Viet Nam - to promote the freer flow of people and goods.

Industry and Trade Ministry officials from both Viet Nam and Laos continued to propose that their governments assess the possibility of establishing border trade zones and the upgrading of some auxiliary border gates.

They also agreed to recommend that government incentives be introduced for the eight Lao, Thai and Vietnamese provinces that share Highways 8 and 12.

The officials pledged to quickly finish a plan for the development of a network of border markets and trade between Viet Nam and Laos by 2020.

Viet Nam and Laos share a border of more than 2,000 kilometres.

Viet Nam's Industry and Trade Ministry reports that bilateral trade reached US$211 million to June 30 and is expected to total $470 million for the year, up 12 per cent against 2009. The figure meets 47 per cent of the target the two governments set for 2010. Bilateral trade is expected to total more than $2 billion by 2015 with Lao exports to Viet Nam worth $1.3 billion and Viet Nam's exports to Laos $1 billion.

Conference participants shared their knowledge of border-trade management and co-operation and proposed ways to ensure its development was sustainable.

They agreed to increase co-operation in the study of the border's economic potential and prioritise projects to develop trade.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand