Vietnam to speed up exports to and investment in Laos
Monday, August 21,2017AsemconnectVietnam - By the end of July, Vietnam has exported US$ 308.1 million worth of goods to Laos, increased by 14.97 per cent over the same period last year, showed the statistics figures of the General Department of Customs.
Petroleum was leading the list of items exported by the country to Laos in the first seven months of this year with the export turnover of $ 56.2 million, accounted for 18.2 per cent of the total and increased sharply by 65.78 per cent year – on – year.
It was followed by iron and steel with $ 43.2 million, down by 14.67 per cent; and means of transport and spare parts - $ 29.1 million, up by 7.44 per cent.
In the first seven months of this year, the country’s exports of coal to Laos rocketed by 1,486.7 per cent year – on – year to $ 4.3 million; while the exports of fertilizer – up by 84.96 per cent; plastic products – up by 82.51 per cent.
Vietnam’s exports of goods to Laos in the first 7 months of 2017 (Unit: US$) - source: the General Department of Customs
Item
|
First 7 months of 2017
|
First 7 months of 2016
|
Comparison (%)
|
Total
|
308,175,060
|
268,040,924
|
14.97
|
Petroleum of all kinds
|
56,280,428
|
33,948,406
|
65.78
|
Iron and steel of all kinds
|
43,268,935
|
50,705,054
|
-14.67
|
Means of transport and spare parts
|
29,134,453
|
27,118,026
|
7.44
|
Iron and steel products
|
21,564,138
|
17,391,876
|
23.99
|
Machines, equipment and spare parts
|
15,944,641
|
14,841,523
|
7.43
|
Fertilizer of all kinds
|
12,072,966
|
6,527,322
|
84.96
|
Plastic products
|
9,656,757
|
5,291,021
|
82.51
|
Clinker and cement
|
7,080,507
|
10,714,861
|
-33.92
|
Electric wires and cables
|
5,603,134
|
4,975,517
|
12.61
|
Fruit and vegetables
|
5,101,234
|
3,328,494
|
53.26
|
Confectionery and grain products
|
4,521,808
|
5,060,781
|
-10.65
|
Coal
|
4,321,656
|
272,368
|
1.486.70
|
Textiles and garments
|
3,913,402
|
4,125,419
|
-5.14
|
Ceramic and porcelain products
|
3,472,778
|
3,135,567
|
10.75
|
Other ordinary metals and products
|
2,826,734
|
4,222,653
|
-33.06
|
Paper and products
|
2,730,423
|
3,003,761
|
-9.10
|
Non – wooden furniture
|
474,906
|
519,227
|
-8.54
|
CK
Source: VITIC
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