Vietnam remains the biggest sugar importer, third largest trading partner and the third biggest foreign investor of Laos, after Thailand and China, Vientiane Times reported on October 11.
Vientiane (VNA) – Vietnam remains the biggest sugarimporter, third largest trading partner and the third biggest foreign investor of Laos, after Thailandand China, Vientiane Times reported on October 11.
The newspaper quoted data from the Lao Ministry of Industryand Trade as saying that trade between Laos and Vietnam has been maintained although bothnations are struggling with the COVID-19 pandemic. During January-September, the totalvalue of Laos's sugar exports reached 73.1 million USD, of which 61.3 millionUSD worth of the product was exported to Vietnam.
It also cited data from the Vietnam Sugar andSugarcane Association as saying that Vietnam purchased 399,189 tonnes ofsugar from Cambodia, Laos, Indonesia, Myanmar and Malaysia in the first half of2021, a tenfold increase compared to that of the same period last year.
According to the article, Vietnam’s removal of sugar importquotas for ASEAN member states in 2020 not only provides a great opportunity forLao businesses to approach and gain a foothold in the neighbouring country'smarket./.
The Laotian Times reported on May 31 that Chinese businesses have signed an agreement to purchase 1.5 billion USD worth of agricultural products from Laos from 2021 to 2025.
Aside from ancient houses made from wooden frame and laterite bricks imbued with architectural identities of the northern region, Duong Lam village also boasts many unique specialties.
Party General Secretary Nguyen Phu Trong; President of the Cambodian People’s Party and Prime Minister of Cambodia Hun Sen; and General Secretary of the Lao People's Revolutionary Party and President of Laos Thongloun Sisoulith held a meeting in Hanoi on September 26.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Growing sugarcane - Illustrative image (Photo: VNA) 
