09:32 | 26/01/2018 Trade
Nearly 140 Lao products, including staples, processed products, herbal medicines and handicrafts are on display at the Lao Goods Week which opened at Le Van Tam Park, Ho Chi Minh City on January 24.
|Visitors at the Lao Goods Week - Photo: VNA|
The five-day event, held by the municipal People’s Committee and the Consulate General of Laos in the city, attracted the participation of 100 businesses from Lao provinces and city.
Huynh Cach Mang, Vice Chairman of the municipal People’s Committee, said the week will bring Lao products closer to Ho Chi Minh City’s consumers, thus promoting trade collaboration between the two nations, he noted.
Meanwhile, Lao Ambassador to Vietnam Thongsavanh Phomvihane said that Lao businesses see Vietnam as an important market and the event aims to create opportunities for business from both sides to meet, exchange information and seek long-term cooperation.
Seminars on investment promotion and business-matching events for Vietnamese and Lao firms will be held on the sidelines of the week.
Trade between Vietnam and Laos topped US$900 million last year, a year-on-year increase of more than 10 percent. The two countries have set a target of US$4 billion in two-way trade by 2020.
Vietnamese enterprises have invested US$5 billion in 276 projects in Laos so far, mainly in energy, services, infrastructure, mining, agriculture and forestry.