Thailand-Vietnam bilateral trade to be increased to 20 billion USD


BANGKOK, 23 July 2015 – The second meeting of the Joint Trade Committee (JTC) of Thailand and Vietnam has concluded with both countries agreeing to increase bilateral trade to 20 billion US dollars within five years’ time.

At its meeting in Bangkok, the Thai-Vietnamese JTC resolved to increase bilateral trade value to 20 billion dollars by the year 2020 and expand cooperation on agricultural commodities. Vietnam is considering joining the trilateral effort by Thailand, Indonesia and Malaysia in maintaining rubber price stability. The parties at the JTC meeting also agreed to collaboratively promote rice exports and the import and export of mango, longan, lychee and rambutan.

The JTC resolved to create an operational plan for the purpose of streamlining trade and investment between the two countries, especially in the aspects of transportation and banking. The Vietnamese private sector will also be invited to invest in Thailand’s special economic zones in order to take advantage of Thailand’s double status as a market and production base.