Consultation workshops aim to boost exports to Laos, Thailand, Cambodia
The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade will host a consultation workshop in the southern province of Tay Ninh on June 21 for exporters interested in the markets of Laos and Thailand.
Hanoi (VNA) – The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade will host a consultation workshop inthe southern province of Tay Ninh on June 21 for exporters interested in themarkets of Laos and Thailand.
The hybrid event will also be held virtually on Zoom andlivestreamed on Vietrade’s Facebook Fanpage.
A similar event will be held the next day to supportVietnamese businesses to export agricultural and food products to Cambodia.
According to the Ministry of Industry and Trade, Vietnam’strade with Laos reached 708.2 million USD in the first five months of 2022,with Vietnam’s exports to the neighbouring country declining 11.7 percentyear-on-year to 247.2 million USD.
Vietnam mostly shipped to Laos iron and steel products,vehicles and parts, machinery and accessories, fertilisers, plastics, andvegetables.
Thailand has remained among Vietnam’s top 10 trade partnersfor years. Data from the International Trade Centre (ITC) showed that thebilateral trade between the two countries increased seven-fold to 16.58 billionUSD in 2020 from 2.31 billion USD in 2004, with annual growth averaging over 11percent.
In the first five months of this year, the two-way tradetotalled 8.57 billion USD. Vietnam’s exports to Thailand stood at 2.95 billionUSD, up 15.6 percent from the same period last year, while imports valued 5.26billion USD, up 3.5 percent year-on-year.
Thai consumers are mostly in favour of aquatic products,vegetables, cashew nuts, coffee, pepper and fruits from Vietnam.
Vietnam and Cambodia enjoyed an annual average growth of 17percent in bilateral trade from 2016 – 2020 to reach 5.32 billion USD in 2020.
Vietnam’s exports to Cambodia was worth 4.8 billion USD in 2021, a year-on-year rise of 15.7 percent from the previous year. The figure surgedby 31.2 percent in the first five months of this year to 2.6 billion USD.
Cambodia mainly imported iron and steel products, chemistry,plastics, machinery and electrical devices, processed food, confectionaries andcereal from Vietnam, while exporting to Vietnam rubber, cashew nuts andagricultural products./.
Twenty-seven export items joined the “one-billion-USD” club in the first five months of this year, as compared with only 23 seen in the same period last year, Deputy Minister of Industry and Trade Do Thang Hai told a press conference on June 16.
Vietnam and Egypt are working together to boost bilateral trade in the hope of soon lifting the trade turnover to 1 billion USD, Ambassador Nguyen Huy Dung told a business forum held in the Egyptian city of Alexandria on June 16.
The Vietnamese Embassy and Vietnamese Trade Office in Indonesia jointly held a talk with the Vietnamese business community in the country on June 17, aiming to foster trade partnership between the two countries.
A conference will be co-held on June 23 by the Ministry of Industry and Trade (MoIT), the British Embassy in Vietnam and the British Chamber of Commerce Vietnam (BritCham) to support Vietnamese enterprises to join the supply chain of British enterprises.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Photo: VNA)
