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Vietnam remains Laos’s largest sugar importer

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.
Vietnam remains Laos’s largest sugar importer ảnh 1Growing sugarcane - Illustrative image (Photo: VNA)
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./.
VNA
#Vietnam#biggest sugar importer#Laos#sugar imports#Vietnamplus#Vietnam News Agency
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