Opening ceremony of Mini Thailand Week 2020 in Can Tho (July 3-5) Suparporn Sookmark, Consul (Commercial)/Director of Thai Trade Center – Ho Chi Minh City, said that the target of reaching a bilateral trade value of US$20 billion by 2020 has become a challenging one because of the Covid-19 pandemic. She noted that trade volume between the two countries decreased 3.4 percent year-on-year in 2019 and 12 percent in the first four months of 2020. “Due to the global Covid-19 outbreak, it’s a challenge for both countries to accomplish the target of US$20 billion for bilateral trade at the end of this year,” she said, adding that low demand, lack of raw materials for production and trade logistics were part of the problems. According to the Department of Foreign Trade of Thailand, despite measures taken to contain the Covid-19 pandemic, the value of Thailand’s border trade in the first quarter of this year (Q1/2020) dropped 7.64 percent from the previous quarter to US$8.2 billion, and that of Thailand-Vietnam cross-border trade fell 27.86 percent to US$423 million. However, the two countries will exert maximum joint efforts to support businesses in overcoming difficulties and rising again in the “new normal” period, Sookmark… Read full this story
- Bradford on Avon Council reduces trade investment with VisitWiltshire
- Britain and Saudi Arabia target 65 billion pound trade and investment ties
- Thailand, Japan to promote local currencies for trade, investment
- SBP says Chinese yuan acceptable for bilateral trade, investment
- Pakistan among top investment destinations: Saudi official
- 100 million Royal Mail shares traded in one-hour frenzy
- 'Bilateral trade between Pakistan, Afghanistan has dropped by $2b'
- 7 investing tips for Star Wars: The Force Awakens
- Thai Tourism Stocks Are Looking Good as Trade War Looms
- Vietnam court jails blogger for seven years for 'propaganda' over spill
Thailand, Vietnam determined to overcome pandemic obstacles to trade and investment ties have 302 words, post on ven.vn at November 7, 2020. This is cached page on Talk Vietnam. If you want remove this page, please contact us.