If you request softening of the folds, if you have descent of your cheeks, if lower eyelid blepharoplasty is indicated, and if the surgeon includes cheeklift in the lower blepharoplasty as I often do in the above situation, then YES, lower blepharoplasty can "improve" the nasolabial folds, as in the link accompanying this answer, a case in our gallery.
Hello - All answers point to the same answer - a normal blepharoplasty will not improve your nano-labial folds. Having said this, your photo does not show much of a problems in both locations. Best to see a Board Certified plastic surgeon that can address non-surgical options for your aesthetic concerns. Dr. Kulick, San Francisco Ca