Trade
Thailand, Vietnam to increase trade up to $18Bn
Vietnam and Thailand have agreed to increase bilateral trade by 20% annually over the next three years, Thailand and Vietnam aim for trade worth US$18 billion in 2015
Vietnam and Thailand have agreed to increase bilateral trade by 20% annually over the next three years, Vietnamese Prime Minister Nguyen Tan Dung said yesterday
Both sides agreed to aim for trade worth US$18 billion (560 billion baht) in 2015, Mr Dung said at a joint cabinet meeting with his Thai counterpart Yingluck Shinawatra.
Thailand and Vietnam aim for trade worth US$18 billion in 2015
”I am taking this opportunity to increase rice and rubber trade with Vietnam, so we can work together to stabilise rice and rubber prices. This will be beneficial to both sides,”
Ms Yingluck said.
The announcement followed the second joint cabinet meeting between the two countries since 2004. An agreement to resume the meetings was reached when Ms Yingluck visited Vietnam in November last year.
Speaking at yesterday’s meeting, Ms Yingluck said cooperation in the fields of politics, economics and culture between the two countries will be strengthened ahead of the implementation of the Asean Economic Community in 2015.
The Thai delegation attending the meeting included Finance Minister Kittiratt Na-Ranong, Tourism and Sports Minister Chumpol Silpa-acha, Defence Minister Sukumpol Suwanatat, Foreign Minister Surapong Tovichakchaikul, PM’s Office Minister Niwatthamrong Boonsongpaisan, Commerce Minister Boonsong Teriyapirom, Social Development and Human Security Minister Santi Prompat, national police chief Adul Saengsingkaew and secretary-general to the prime minister Suranand Vejjajiva.
via Thailand, Vietnam to increase trade | Bangkok Post: news.
Vietnam and Thailand agreed Saturday to raise their relationship to strategic partnership. The agreement was reached by Vietnamese Prime Minister Nguyen Tan Dung and his Thai counterpart Yingluck Shinawatra at the second Vietnam-Thailand Joint Cabinet Retreat in Vietnam’s capital Hanoi.
The two PMs agreed to accelerate the signing of an agreement on labor cooperation, step up investment cooperation and connectivity in the East-West Economic Corridor, strengthen cooperation in rice exports and in culture, education and training.
Both countries reaffirmed that they will not allow any hostile individuals and forces to conduct activities in their own country against the other country, while promoting cooperation in the fight against transnational crimes and terrorism, in both bilateral and multilateral frameworks.
The two sides also discussed their cooperation in regional and international frameworks, especially the building of ASEAN Community by 2015, as well as some regional issues of mutual concern.
Vietnam also believed that Thailand as the ASEAN-China coordinator will contribute actively to promoting strategic partnership between ASEAN and China for peace, stability and development in the region.
Business
Pandemic drives sea freight prices to record high
The Covid-19 pandemic, which initially brought global shipping to a virtual standstill, did not bode well for the industry and led to “an unprecedented drop in demand”
Container shipping prices have reached record highs some 18 months after the outbreak of the coronavirus pandemic which disrupted maritime logistics chains and drove demand sky-high.
(more…)
Trade
Thailand and EU resume FTA negotiations
Thailand and the European Union (EU) are now back in talks to establish a Free Trade Agreement (FTA), for the first time since the initiative was put on hold in 2014.
BANGKOK (NNT) – Thailand and the European Union (EU) are now back in talks to establish a Free Trade Agreement (FTA), for the first time since the initiative was put on hold in 2014.
(more…)
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...