Laos, Cambodia see leapfrog growth in trade, investment

Caption Laos's Foreign Minister Saleumxay Kommasith attending the Asean Foreign Ministers' Meeting in Phnom Penh, Cambodia, Feb 17, 2022. - Reuters

VIENTIANE (Vientiane Times/Asia News Network): The value of bilateral trade between Laos and Cambodia jumped from US$10-20 million previously to more than US$100 million in 2020.

The surge in trade growth was revealed when Lao Minister of Foreign Affairs Saleumxay Kommasith paid an official visit to Cambodia and attend the Asean Foreign Ministers’ Retreat in Phnom Penh from Feb 15-17, in response to an invitation from his Cambodian counterpart, Prak Sokhonn.