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.
HCM City (VNA) – Nearly 140 Lao products, including staples,processed products, herbal medicines and handicrafts are on display at the LaoGoods Week which opened at Le Van Tam Park, Ho Chi Minh City on January 24.
The five-day event, held by the municipal People’s Committee and the Consulate Generalof Laos in the city, attracted the participation of 100 businesses from Laoprovinces and city.
Huynh Cach Mang, Vice Chairman of the municipal People’s Committee, said the weekwill bring Lao products closer to Ho Chi Minh City’s consumers, thus promotingtrade collaboration between the two nations, he noted.
Meanwhile, Lao Ambassador to Vietnam Thongsavanh Phomvihane said that Laobusinesses see Vietnam as an important market and the event aims to createopportunities for business from both sides to meet, exchange information andseek long-term cooperation.
Seminars on investment promotion and business-matching events for Vietnameseand Lao firms will be held on the sidelines of the week.
Trade between Vietnam and Laos topped 900 million USD last year, a year-on-yearincrease of more than 10 percent. The two countries have set a target of 4billion USD in two-way trade by 2020.
Vietnamese enterprises have invested 5 billion USD in 276 projects in Laos sofar, mainly in energy, services, infrastructure, mining, agriculture andforestry.-VNA
Since Vietnam and Laos set up diplomatic relations in 1962, the relationship between the two countries has flourished thanks to efforts from both sides to make ties deeper and more effective, especially in economy, trade and investment.
The ministries of industry and trade of Vietnam and Laos co-organised a forum in Vientiane on December 19 to seek ways to improve bilateral trade, which is estimated at 900 million USD in 2017.
A large-scale trade event introducing products of Lao businesses, the first of its kind, will be held in Ho Chi Minh City from January 24-28, said a Lao official.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Visitors at the Lao Goods Week (Photo: VNA) 
