Since the establishment of their bilateral diplomatic ties in 1962, Vietnam and Laos have promoted cooperation across various spheres, with their trade exchange posting substantial growth, benefiting both countries.

VOV.VN - Vietnam exported 13.1 million tonnes of iron and steel worth US$11.8 billion to the EU last year thanks to the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA), up 32.9% in volume and 124.3% in value compared to 2020.

VOV.VN - By the end of the first quarter, the steel industry had imported up to three million tonnes, worth US$3.1 billion, with a trade deficit of US$800 million, while exports brought in US$2.3 billion, according to the Vietnam Steel Association (VSA).

Vietnam shipped some 335,000 tonnes of corrosion-resistant steel products (CORE) to the US last year, a three-fold rise from the previous year, according to the United States International Trade Commission (USITC).

VOV.VN - Vietnamese iron and steel exports during the opening 11 months of the year enjoyed impressive growth with an export value exceeding US$10 billion, according to figures given by the Vietnam Steel Association (VSA).

VOV.VN - With Belgium becoming one of the leading Vietnamese export markets in Europe, iron and steel exports to this market witnessed vigorous growth during the initial 10 months of the year, according to the General Department of Vietnam Customs.

VOV.VN - The consumption demand and steel exports ahead in the remaining months of the year are anticipated to see robust growth thanks to numerous positive outcomes achieved during the first nine months of the year, according to a forecast made by the Vietnam Steel Association (VSA).

Vietnam’s largest steelmaker Hoa Phat Group has said its steel exports in September doubled compared to the previous month, hitting a record high of nearly 50,000 tonnes.

VOV.VN - Despite domestic steel consumption dropping considerably due to the COVID-19 pandemic, Vietnam’s iron and steel exports in August recorded an upward trajectory, according to the General Department of Vietnam Customs.

Steel enterprises have boosted exports while facing difficulties in domestic consumption due to the COVID-19 outbreak, according to the Vietnam Steel Association (VSA).