Can Tho (VNA)♕ –A seminar promoting Vietnam – Thailand trade was held in the Mekong Delta city of Can Tho on December 22.
At the event, the Thailand Convention and Exhibition Bureau (TCEB) introduced the Thailand Extra Exhibition “Expand your business opportunities in ASEAN” and the Trade Promoter Reward Programme to participants.
TCEB Director Jaruwan Suwannasat said TCEB will work hard to boost bilateral trade via leading exhibitions in Thailand.
According to the TCEB, Thailand hosted a total of 103 international commercial fairs featuring food industry, agriculture, automation, health care and infrastructure last year.
During the period, more than 2,400 Vietnamese visited exhibitions in Thailand, becoming the fourth largest source of arrivals from Southeast Asia.
Nguyen Phuong Lam, Deputy Director of the Can Tho chapter of Vietnam Chamber of Commerce and Industry, said Vietnam is the 11th largest importer of Thailand with Thai goods accounting for 20.4 percent of the total imports in the country.
Thailand is currently among top 10 investors in Vietnam with over 300 valid projects. It predominantly sells polymer materials, motorbikes and spare parts, chemicals and steel to Vietnam while importing electrical household appliances, iron, steel, crude oil and fisheries.
The two countries are striving to lift two-way trade to 15 billion USD by 2020.-VNA
Vietnam has become Thailand’s fourth largest trading partner in the ASEAN after Singapore, Malaysia and Indonesia, according to Thailand ’s Commerce Ministry.
ASEAN remains Thailand’s largest export market, accounting for 21 percent of its total trade value compared to the respective rates of 11 percent, 10.9 percent and 10.3 percent for the EU, the US and Japan, according to the Ministry of Commerce (MoC) of Thailand.
Thai exports in 2015 are projected 4 percent of growth by the country's commercial ministry, a significant improvement after a consecutive two year period of negative expansion.
The Vietnam-Thailand Joint Committee on bilateral cooperation held its second meeting in Hanoi on March 20, during which both sides agreed to raise two-way trade to 15 billion USD in 2020.
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Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
