Laos - Vietnam trade fair kicks off

The 2012 Laos - Vietnam trade fair kicked off in Vientiane on December 4, with over 200 businesses from the two countries taking part.
The 2012 Laos - Vietnam trade fair kicked off in Vientiane onDecember 4, with over 200 businesses from the two countries taking part.

Jointly organised by the Lao Ministry of Industryand Commerce and the Vietnamese Ministry of Industry and Trade, theevent marked the 50 th anniversary of bilateral diplomatic ties and 35years since the signing of the Vietnam – Laos Friendship andCooperation Treaty.

Ninety-eight Vietnamese companies areshowcasing pharmaceutical products, medical equipment, processed foods,industrial machinery and equipment, chemicals, construction materials,garments, handicrafts, household appliances and banking services at 120pavilions.

The event offers participants the opportunity to sign contracts and seek cooperation and investment partners.

Economic and trade cooperation between the two countries continues togrow. Two-way trade in the first ten months of this year hit 725 millionUSD, a 24 percent year-on-year increase.

In additionto traditional goods that include iron and steel, oil and gas, petrol,automotive manufacturing, timber, textiles and garments, farm producehas emerged as a key product in bilateral trade./.VNA

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