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Not everybody knows, but Vietnam & Thailand holds regular joint cabinet meeting.
@somsak
Workers at Government House prepare the venue for a joint cabinet meeting between Thailand and Vietnam led by Prime Minister Prayut Chan-o-cha and his Vietnamese counterpart Vu Huy Hoang. (Photo by Thanarak Khunton)
Thailand and Vietnam have agreed in trade talks to aim for US$20 billion in two-way turnover by 2020, up from almost $11 billion last year, Commerce Minister Chatchai Sarikalya said Wednesday.
Gen Chatchai told reporters the 690 billion baht target was set in a three-day meeting of a Joint Trade Committee, co-chaired by him and Vietnamese Industry and Trade Minister Vu Huy Hoang, on the eve of a visit to Thailand by Vietnamese Prime Minister Nguyen Tan Dung.
In 2014, Thailand's two-way trade with Vietnam amounted to $11.8 billion, according to Commerce Ministry statistics.
To achieve the new trade target, the minister said, both sides endorsed a plan of action on cooperation in trade and investment, covering the period of 2015 to 2020.
They also agreed to promote cooperation in such areas as trade promotion, agriculture, transport connectivity, banking, intellectual property, investment, energy and labour.
At the meeting, Gen Chatchai said, Vietnam expressed its intention to join the International Tripartite Rubber Council, which engages in rubber production planning and works to boost rubber prices.
The Bangkok-based council, which works to boost rubber prices, currently comprises Thailand, Malaysia, and Indonesia. They and Vietnam account for most of the world's production of natural rubber.
Thailand, Vietnam target $20bn in trade | Bangkok Post: business
@somsak
- 22 Jul 2015 at 20:01 1,204 viewed1 comments
- WRITER: KYODO NEWS
Workers at Government House prepare the venue for a joint cabinet meeting between Thailand and Vietnam led by Prime Minister Prayut Chan-o-cha and his Vietnamese counterpart Vu Huy Hoang. (Photo by Thanarak Khunton)
Thailand and Vietnam have agreed in trade talks to aim for US$20 billion in two-way turnover by 2020, up from almost $11 billion last year, Commerce Minister Chatchai Sarikalya said Wednesday.
Gen Chatchai told reporters the 690 billion baht target was set in a three-day meeting of a Joint Trade Committee, co-chaired by him and Vietnamese Industry and Trade Minister Vu Huy Hoang, on the eve of a visit to Thailand by Vietnamese Prime Minister Nguyen Tan Dung.
In 2014, Thailand's two-way trade with Vietnam amounted to $11.8 billion, according to Commerce Ministry statistics.
To achieve the new trade target, the minister said, both sides endorsed a plan of action on cooperation in trade and investment, covering the period of 2015 to 2020.
They also agreed to promote cooperation in such areas as trade promotion, agriculture, transport connectivity, banking, intellectual property, investment, energy and labour.
At the meeting, Gen Chatchai said, Vietnam expressed its intention to join the International Tripartite Rubber Council, which engages in rubber production planning and works to boost rubber prices.
The Bangkok-based council, which works to boost rubber prices, currently comprises Thailand, Malaysia, and Indonesia. They and Vietnam account for most of the world's production of natural rubber.
Thailand, Vietnam target $20bn in trade | Bangkok Post: business
