See More on Facebook

Business, Diplomacy

Vietnam, Thailand head toward $20 billion in trade

Trade between the two countries increase as both governments offer incentive.


Written by

Updated: January 29, 2019

Vietnam and Thailand have agreed to implement measures to boost economic co-operation with the aim of reaching US$20 billion in two-way trade turnover by 2020 at the meeting of their Joint Committee on Bilateral Cooperation in Thailand which wrapped up yesterday.

The two-day meeting was co-chaired by Vietnamese Deputy Prime Minister and Foreign Minister Phạm Bình Minh and Thai Foreign Minister Don Pramudwinai.

The two sides agreed to create favourable conditions for businesses of the two countries to increase investment and business cooperation as well as to facilitate agricultural import and export activities between the two countries.

They also agreed to promote cooperation and share experience in rice research, production and export.

They stressed the importance of enhancing cooperation in sub-region connection, particularly in connecting road, water and air transport between Vietnam and Thailand as well as among ASEAN countries.

The two sides committed to continue promoting and expanding cooperation in culture, education and people-to-people exchanges, including increasing the teaching of Vietnamese and Thai languages in each country.

Vietnam applauded the Thai Government for its decision to expand fields that Vietnamese workers will be licensed to work in Thailand.

The two sides expressed delight at the active development of the strategic partnership between Vietnam and Thailand. The political, diplomatic and security and national defence cooperation between the two countries has developed practically, which is evident through the regular exchanges of delegations between high-ranking officials of the two countries.

They expressed pleasure at the cooperation between the two countries during the framework of regional and international forums, particularly ASEAN and the United Nations.

As Thailand is Chair of ASEAN in 2019 and Vietnam becomes ASEAN Chair in 2020, the two sides agreed to work with member countries to promote the key role of ASEAN in regional issues, including the East Sea (South China Sea). They stressed the strategic importance of ensuring peace and maritime and aviation security and safety, and maritime safety.

Yesterday, Deputy PM and Foreign Minister Minh paid a courtesy visit to Thai Prime Minister Prayut Chan-ocha.

 



Enjoyed this story? Share it.


Viet Nam News
About the Author: Viet Nam News is one of the country's top English language daily newspapers, providing coverage of the latest domestic and international developments in a range of areas.

Eastern Briefings

All you need to know about Asia


Our Eastern Briefings Newsletter presents curated stories from 22 Asian newspapers from South, Southeast and Northeast Asia.

Sign up and stay updated with the latest news.



By providing us with your email address, you agree to our Privacy Policy and Terms of Service.

View Today's Newsletter Here

Business, Diplomacy

Japanese government to establish organization to keep eye on IT firms

The body will scrutinize financial dealings by tech giants. The government is finalizing plans for a new organization dedicated to comprehensively monitoring the business dealings of large IT companies and formulating policies to ensure transparency in their practices. The new regulator will be established as early as this autumn inside the Cabinet Secretariat. The Fair Trade Commission likely will be able to conduct unannounced checks on these companies based on information collated by the new organization. The new body also will consider legislation pertaining to fair business transactions involving large IT companies. On Wednesday, Prime Minister Shinzo Abe instructed a meeting of the Council on Investments for the Future to consider how such a specialist organization should operate. During the meeting held at the Prime Minister’s Office,


By The Japan News
February 15, 2019

Business, Diplomacy

Attempts to isolate

Would a re-elected Modi rethink his Pakistan policies. Imran Khan and the military leadership have been expressing a desire for improved relations with India. But India is unlikely to respond anytime soon. And the reasons go beyond its upcoming elections. I recall here a private briefing some of us South Asia hands in Washington got from a close adviser of Narendra Modi soon after he took office as prime minister. Unaware of my identity, he spoke of Pakistan with contempt. “We are going to treat Pakistan as if it were on the other side of a high wall,” he said. Four years on, the adviser is there as is India’s Pakistan policy. How has the policy endured for so long? The search for the answer opens up a vast landscape of policy, politics and ideology in India. Beginning in 1991, India has been on a steady march to foster external relations conducive


By Dawn
February 15, 2019

Business, Diplomacy

VN stocks jump on 2019 earnings outlook

The stock market and the economy look set for a bombastic 2019. Vietnamese shares rose strongly on Tuesday to extend gains for a second session as investor sentiment remained positive on 2019’s corporate performances. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 1.24 per cent to close at 937.54 points. The southern market index has increased by total 3.18 per cent in the last two trading days, setting its two-month high since December 14. More than 188.4 million shares were traded on the southern exchange, worth VNĐ4.2 trillion (US$180.2 million). Trading figures were increases of 51.2 per cent in volume and 43.6 per cent in value from Monday’s numbers. Large-cap stocks performed well, pulling the blue-chip VN30 Index up 1.10 per cent to 888.33 points at the end of the day. Seven of the 30 largest stocks by market capitalisation in the VN30 basket a


By Viet Nam News
February 13, 2019

Business, Diplomacy

Investor Jim Rogers to visit North Korea next month

The famed investor will visit Pyongyang at Kim Jong-un’s invitation. Jim Rogers, a renowned investor and chairman of Rogers Holdings, plans to visit North Korea next month at the invitation of Chairman Kim Jong-un, according to sources Tuesday. The Singapore-based investor, who once said he would “put all of my money” in North Korea if he could, received the US government’s approval for the trip with his wife. The billionaire has touted the impoverished country with a gross domestic product per capita of $1,800 as an attractive investment destination for five years, even before the thawing of inter-Korean relations last year.


By The Korea Herald
February 13, 2019

Business, Diplomacy

China refutes Turkey’s Uighur claims

Turkey called for re-education camps to be closed and accused China of killing a popular musician. China on Monday strongly rejected Turkey’s “absurd lie” about the death of a Uygur folk musician, saying the Turkey’s claim extremely wrong and irresponsible. “China has made solemn representations to Turkey and is firmly opposed to its groundless accusations,” Foreign Ministry spokeswoman Hua Chunying said at a regular news conference in Beijing. In a statement released on Saturday, the Turkish Foreign Ministry criticized the human rights situation in the Xinjiang Uygur autonomous region and claimed that Abdurehim Heyit, who was sentenced to eight years in prison, had died. But Heyit appeared in a video released by China Radio International on Sunday. He said, “I’m in the process of being investigated for allegedly violating national laws” and &


By China Daily
February 13, 2019

Business, Diplomacy

International medical assistance company threatens Nepal

A Post investigation shows Australia-based Traveller Assist used the helicopter rescue scam to market itself as the sole representative of global insurance firms. In a letter to Nepal’s tourism minister last month, the managing director of Traveller Assist, an Australia-based medical assistance company, threatened the government that his clients would stop issuing travel insurance policies in Nepal if the administration does not take action against trekking agencies, helicopter companies and hospitals that have been involved in fraudulent rescues. “I am writing on b


By The Kathmandu Post
February 12, 2019