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The Vietnam Commerce Promotion Company (Vietrade) underneath the Ministry of Business and Commerce will host a session workshop within the southern province of Tay Ninh on June 21 for exporters within the markets of Laos and Thailand.
The hybrid occasion can even be held nearly on Zoom and livestreamed on Vietrade’s Fb Fanpage.
An analogous occasion can be held the subsequent day to assist Vietnamese companies to export agricultural and meals merchandise to Cambodia.
In line with the Ministry of Business and Commerce, Vietnam’s commerce with Laos reached $708.2 million within the first 5 months of 2022, with Vietnam’s exports to the neighbouring nation declining 11.7 p.c year-on-year to $247.2 million.
Vietnam principally shipped to Laos iron and metal merchandise, automobiles and elements, equipment and equipment, fertilisers, plastics, and greens.
Thailand has remained amongst Vietnam’s high 10 commerce companions for years. Information from the Worldwide Commerce Centre (ITC) confirmed that the bilateral commerce between the 2 nations elevated seven-fold to $16.58 billion in 2020 from $2.31 billion in 2004, with annual development averaging over 11 p.c.
Within the first 5 months of this yr, the two-way commerce totalled $8.57 billion. Vietnam’s exports to Thailand stood at $2.95 billion, up 15.6 p.c from the identical interval final yr, whereas imports valued $5.26 billion, up 3.5 p.c year-on-year.
Thai shoppers are principally in favour of aquatic merchandise, greens, cashew nuts, espresso, pepper and fruits from Vietnam.
Vietnam and Cambodia loved an annual common development of 17 p.c in bilateral commerce from 2016 – 2020 to succeed in $5.32 billion in 2020.
Vietnam’s exports to Cambodia had been price $4.8 billion in 2021, a year-on-year rise of 15.7 p.c from the earlier yr. The determine surged by 31.2 p.c within the first 5 months of this yr to $2.6 billion.
Cambodia primarily imported iron and metal merchandise, chemistry, plastics, equipment and electrical units, processed meals, confectionaries and cereal from Vietnam, whereas exporting to Vietnam rubber, cashew nuts and agricultural merchandise. VNA
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