BANGKOK, 10 May 2010 (NNT) — Thailand and Vietnam has agreed to improve its trade and logistics process in order to facilitate trade for both countries.

According to a Memorandum of Understanding (MoU), made between the twin cities of Mukdahan province in Thailand and Quang Tri in Vietnam, both countries had agreed to eliminate procedures for import and export in order to facilitate more convenience for both sides. Following a meeting with representatives from Mukdahan Province consisting of the public and private sector, and business operators in tourism and export, improvements in logistics, laws and regulations for travel and border logistics will be mutually enacted in both cities.

Meanwhile, according to Deputy Governor of Mukdahan province, Sommai Preechasin, Thailand and Vietnam will cooperate in various activities in the future, including the upcoming Forum of the East-West Economic Corridor Cooperation held from 25-26 June 2010, which will take place in Quang Tri province in Vietnam. During the forum, delegates from the East-West Economic Corridor (EWEC) including Laos, Thailand and Myanmar will discuss ways to gain benefits from the EWEC.

Reporter : Dolsinee Kritayapimonporn

via Thailand-Vietnam implements measures to ensure smooth border trade : National News Bureau of Thailand.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

ASEAN commences work on ASEAN Community’s Post-2025 Vision

Composed of Eminent Persons (EPs), High-Level Representatives (HLRs) from each ASEAN Member State and the Secretary-General of ASEAN, the HLTF is mandated to develop the ASEAN Community’s Vision beyond 2025.

How the Russia-Ukraine Conflict is Affecting Businesses in Vietnam

Vietnam-based businesses are already facing challenges regarding trade with Russia and Ukraine. Several businesses have complained about rising transport costs as Russian banks have been cut from SWIFT, the leading international payment system.

Safeguarding Competition – A Post-Pandemic Response of ASEAN Competition Authorities

Attended by competition experts, academicians and private sectors, from within and beyond ASEAN, the conference has become a regional platform to discuss developments as well as emerging issues on competition policy.