Promoting trade activities with Laos

(Baonghean) -In the special friendship between Vietnam and Laos, trade relations play a very important role in the foreign policy strategy of the two countries. In 2012, the trade turnover between the two countries reached 700 million USD; expected to reach over 2 billion USD by 2015, of which Laos's exports to Vietnam were 1.3 billion USD, achieving an average growth rate of 14.6%/year for the whole period; Vietnam's exports to Laos were 1.1 billion USD, achieving an average growth rate of 21.5%/year for the whole period. In the general assessment of the two countries' ministries of trade, Nghe An is a locality with favorable conditions to create momentum for promotion activities and commitments to implement trade between the two sides...

Currently, Vietnam's main export items to the Lao market include textiles, footwear of all kinds, plastic products, rice, computers, electronic products and components, electric wires and cables... The main import items from Laos include wood and wood products, common metals, complete automobiles, tobacco raw materials and some other items. The structure of export and import items is diverse in types and designs. More and more Vietnamese products are introduced and accepted in the Lao market. In the exchange of goods between the two countries, it is divided into 3 groups: the group of items enjoying a preferential tax rate of 0%; the group of items enjoying a 50% tax reduction compared to the tax rate in the AFTA free trade area and the group of items not enjoying a preferential tax rate.



Leaders of Nghe An Department of Foreign Affairs congratulate Bunpimay leaders of Khammouane province (2013).

The two sides have also been implementing important signed agreements such as: Cooperation Strategy 2011 - 2020; Cooperation Agreement for the period 2011 - 2015. One of the well-promoted and implemented cooperation activities is the organization of trade fairs. In reality, the fair is an opportunity for businesses of both Vietnam and Laos to promote and demonstrate the growth of their products, a good opportunity for businesses of both countries to cooperate in building a wide network of import and export goods, contributing to increasing the import and export turnover of both sides. Within the framework of the fair, in addition to introducing and displaying Vietnam's export products, there is also a Vietnam - Laos Business Exchange Program, creating opportunities for businesses of both countries to meet, exchange experiences, and seek partners to negotiate long-term business commitments.

Nghe An borders three provinces of Lao PDR, namely Bolikhamxay, Xieng Khouang and Hua Phan, with Nam Can International Border Gate, Thanh Thuy National Border Gate and three secondary border gates: Thong Thu, Tam Hop and Cao Veu, along with many openings that facilitate the trading, exchange of goods and travel of people and vehicles across the border between the two countries.

In addition to issuing many mechanisms and policies to expand and develop trade relations with Laos, the People's Committee of Nghe An province has planned to build economic zones at border gates, and coordinated to build border market planning according to the general planning project of the Ministry of Industry and Trade. Accordingly, in the area of ​​6 border districts of Nghe An, there are 30 border markets, including 3 border gate markets: Thanh Thuy (Thanh Chuong), Thong Thu (Que Phong) and Nam Can (Ky Son). Of these, 7 markets are currently in operation.

Among the border markets on your side, there is Din Dam market (Noong Het district, Xieng Khouang province) close to Nam Can border gate, built in 2006, is the main place for people to exchange goods in the border areas of Nghe An and Xieng Khouang provinces. The market is mainly held on the last 2-3 days of the month. The number of traders who regularly do business at the market is about 100 people. The main products sold at the market are agricultural, forestry and fishery products, food, consumer goods and food. The average turnover is about 7 billion VND/year. Currently, Din Dam market is being upgraded and expanded by the Ministry of Industry and Trade of the two countries and the two provinces of Nghe An - Xieng Khouang.

Along with trade activities, the leaders of Nghe An province have focused on expanding investment and economic cooperation with Lao provinces. From 2010 to now, there have been more than 30 Nghe An enterprises doing business and investing in the Lao market, bringing the total number of Nghe An enterprises participating in import-export and investment activities in Laos to nearly 100 enterprises; from 2010 to the end of 2012, the total import-export turnover with Laos of Nghe An reached 172,713,821 USD...

Mr. Vu

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