Asean
Thailand and Vietnam implement measures for smooth border trade
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.
Vietnam
Vietnam: Manufacturing to remain the key driver of growth
We expect robust exports, led by strong global demand for electronics, to continue to underpin solid economic growth over the remainder of this year with GDP forecast to rise close to 8%.
GDP growth was unchanged at 4.5% y/y in Q1. Manufacturing activity surged, while the recovery in service sector activity and construction continued albeit at a more subdued pace as some localised social distancing measures were reinstated.
Lao Cai (VNA) –The northern mountainous province of Lao Cai has built a strategy to popularise the Sa Pa- Fansipan tourism trademark till 2025 with a vision to 2030.
Asean
The Indonesia-Singapore Bilateral Investment Treaty Comes into Effect
Through the upgraded DTAA, the tax rate on branch profits was reduced from 15 to 10 percent, and the tax rate on royalties for copyrighted works of literature, arts, and film, and eight percent for the use of industrial, scientific, or commercial equipment was lowered from 15 to 10 percent.
The latest Indonesia-Singapore Bilateral Investment Treaty (BIT) came into effect on March 9, 2021, and replaces the previous BIT, which was signed in June 2006 and expired in June 2016.
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