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Vietnam – Thailand trade to hit 20 billion USD in 2020

Vietnam and Thailand are striving to increase bilateral trade to 20 billion USD in 2020, as heard a business connectivity conference in Ho Chi Minh City on September 29.
Vietnam – Thailand trade to hit 20 billion USD in 2020 ảnh 1Vietnamese and Thai firms connect at the event (Photo: VNA)

HCM City (VNA) – Vietnam andThailand are striving to increase bilateral trade to 20 billion USD in 2020, asheard a business connectivity conference in Ho Chi Minh City on September 29.

Thai Consul General in HCM City UreeratRatanaprukse stated Vietnam and Thailand are key economic partners, withleaders of both sides agreeing to boost comprehensive trade ties.

The agreement lays the basis for Vietnameseand Thai firms to work together and involve in global and regional supplychains.

Pham Thanh Kien, head of the HCM CityDepartment of Industry and Trade, said the southern city is a potentialdestination for Thai products, which have gained favour with local consumers fortheir quality and competitive prices.

Since the beginning of 2017, seven Thaigoods fairs have taken place in HCM City, with three more expected to runtoward the year’s end.

Vietnam is currently Thailand’s secondbiggest partner in ASEAN, while Thailand is top trade partner of Vietnam in thebloc.

In 2016, bilateral trade reached 12.54billion USD, which accounted for 3.6 percent of Vietnam’s total import-exportvalue.-VNA
VNA
#Vietnam – Thailand trade#Ureerat Ratanaprukse#Pham Thanh Kien#Thai products in HCM City#Thai goods fairs in HCM City#Vietnam#Vietnam News Agency#vietnamplus
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