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NEW UPDATES Asean Affairs   16 May 2014  

Viet Nam, Thailand eye 20% annual growth in trade

 Viet Nam and Thailand target 20 per cent annual growth in trade, hoping to increase it to US$15 billion by 2020, the Viet Nam Chamber of Commerce and Industry said.

At a Viet Nam – Thailand Business Meeting held in HCM City yesterday, Nguyen The Hung, deputy director of the VCCI's HCM City chapter, said last year Thailand became Viet Nam's biggest trade partner in ASEAN after trade growth rose 9 per cent to $9.4 billion.

In January this year he said trade was worth $1.4 billion of which Viet Nam's exports - mostly mobile phones and accessories, steel, and seafood - accounted for nearly $500 million.

Its main imports from Thailand were machinery, oil and gas, auto parts, animal feed, and pharmaceuticals.

Hung said the two countries have great untapped potential in trade, and many promotional programmes have been organised with an eye on this.

For instance, a delegation of 10 Thai food companies yesterday came to HCM City to show off their products and look for partners.

Prasatsuk Niyomrat, an official in Thailand's Department of Industrial Promotion, said the visit was also meant to obtain information for Thailand's small and medium-sized enterprises about regional markets ahead of the formation of the ASEAN Economic Community in 2015.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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