Laos, Vietnam boost cross-border exchange
(VOV) - A seminar was held in the Lao province of Sekong on October 18 to promote bilateral trade ties.
Participants highlighted the effective trade cooperation between Vietnam and Laos and discussed measures to raise the two-way trade turnover.
In 2011, the bilateral trade turnover reached US$783.32 million, up 23 percent over the previous year.
The figure hit US$726.7 million in the first nine months of 2012, representing a year-on-year increase of over 15 percent.
The two countries are expected to record their trade turnover to US$1 billion by the end of this year, and raise the figure to US$2 billion in 2015.
Delegates stressed the need to promote border exchange, develop a border market network and build an overall plan on border trade management regulations.