Thailand, Vietnam target US$20 billion in trade volume

The Vietnam-Thailand joint committee on bilateral trade will meet in Bangkok on July 20 to discuss ways to boost agricultural trade.

The Vietnam-Thailand joint committee on bilateral trade will meet in Bangkok on July 20 to discuss ways to boost agricultural trade.

The Thai Ministry of Commerce has said that the two countries are aiming for US$20 billion in two-way trade turnover by 2020.

Thailand is planning to step up transportation co-operation with Vietnam through Laos, increase investment in Vietnamese commercial banks, enhance co-operation in intellectual property, and outline an action plan on trade and investment co-operation.

During the 3-day meeting, Thailand will ask Vietnam to open its fruit market before the ASEAN Economic Community is established.

The meeting will be held on the eve of a visit to Thailand by Vietnamese Prime Minister Nguyen Tan Dung, who will co-chair the 3rd Vietnam-Thailand joint cabinet meeting on July 23.