Bilateral Lao-Thai Trade Set to Double

08/06/2017 14:45
Email Print 3977
KPL (KPL) Laos and Thailand have agreed to double bilateral trade and investment over the next five years from 2017-2021.


Top Thai Brands 2017 at Lao-ITECC in Vientiane (Jun 7-11)


Malayluck Sipaphay

(KPL) Laos and Thailand have agreed to double bilateral trade and investment over the next five years from 2017-2021.

The agreement was made at a bilateral meeting of the two governments between Deputy Prime Minister and Minister of Finance of Laos Somdy Douangdy and Thai Deputy Prime Minister Somkid Jatusripitak held in Vientiane Capital last month, Thai Ambassador to Laos Noppadon Theppitak said on June 7.  

Mr Theppitak said that this was a good opportunity for entrepreneurs from both countries to meet and discuss and also share experiences on production, packaging, marketing and doing business together.

Last year, bilateral trade and investment between two countries reached US$5.8 billion, the highest among other ASEAN member trade partners, said Minister of Industry and Commerce of Laos Phanthong Phitthoumma.

The Lao products exported to Thailand are electricity, ore and minerals from mines, agricultural produce and non-timber forest products.

Lao imports from Thailand include fuel, electrical appliances and consumer goods, among others.
KPL

ຂ່າວອື່ນໆ

    • Businesses expect fresh momentum in Vietnam – Laos economic cooperationEconomics

      Businesses expect fresh momentum in Vietnam – Laos economic cooperation

      2/6/2026 10:25:53 AM

      (KPL/VNA)Following the success of the 14th National Congress of the Communist Party of Vietnam, the Vietnamese business community in Laos has shown their expectation that the state visit to Laos by Party General Secretary To Lam on February 5, at the invitation of General Secretary of the Lao People’s Revolutionary Party and President of Laos Thongloun Sisoulith, will generate new, stronger and more substantive momentum for bilateral economic cooperation.

    • Ministry of Finance Assesses 2025 Financial Results, Outlines 2026 PrioritiesEconomics

      Ministry of Finance Assesses 2025 Financial Results, Outlines 2026 Priorities

      1/30/2026 10:30:28 AM

      The Ministry of Finance on January 29, 2026, convened a meeting to review financial performance in 2025 and outline priorities for 2026, under the theme “Uphold the Party’s leadership, strengthen self-reliance, modernize financial management, and drive strong, green and sustainable socio-economic development.”

    • Beekeeping Generates 200 Million Kip in Annual RevenueEconomics

      Beekeeping Generates 200 Million Kip in Annual Revenue

      1/28/2026 1:29:13 PM

      While many people believe honey comes only from the wild, beekeeping can be successfully developed with proper equipment, knowledge, and a suitable location. This is demonstrated by Professor Tue Surinthon, former Head of the Technical Department at the Faculty of Agriculture, National University of Laos, who has transformed decades of academic study into a profitable beekeeping enterprise.

    • Groundbreaking Held for Lao Cai Yun Circular Economy Industrial ZoneEconomics

      Groundbreaking Held for Lao Cai Yun Circular Economy Industrial Zone

      12/29/2025 6:36:42 PM

      On December 25, 2025, A groundbreaking ceremony was held on December 25 to mark the start of infrastructure construction for the Lao Cai Yun Circular Economy Industrial Zone in Khammouane Province.

    • Lao Economy Strengthens, but Sustained Reforms Needed for Long-Term GrowthEconomics

      Lao Economy Strengthens, but Sustained Reforms Needed for Long-Term Growth

      12/11/2025 3:26:41 PM

      Increased exports, foreign investment, and tourism are helping the Lao PDR emerge from a prolonged economic slowdown, according to a World Bank economic update released today. The report notes that further reforms in the business, finance, and infrastructure sectors will be essential to maintain this momentum.

ຂ່າວ KPL Laos News

Top