Vietnam and Cambodia inked an agreement on promoting bilateral trade for the 2025–2026 period, which provides preferential tariffs for many competitive goods from each side – much more favourable than those under the ASEAN Trade in Goods Agreement (ATIGA).
Growing demand for Thai consumer goods and better economic conditions drove the value of Thailand's border trade to rise by 6% year-on-year to 1.66 trillion THB (47.96 billion USD) in the first 11 months of 2024, according to the country’s Commerce Ministry.
Thailand's border and cross-border trade continued its upward trajectory in July, reaching 158.1 billion THB (4.69 billion USD), up 21.7% year on year and marking the fourth consecutive month of expansion, said the Department of Foreign Trade under the Commerce Ministry on September 5.
The Mekong Delta province of An Giang, billed as an economic centre that links Ho Chi Minh city, Can Tho city and Cambodia’s Phnom Penh, has paid due attention to developing border trade and logistics infrastructure so as to tap its border economic potential.
Thai Prime Minister Srettha Thavisin on December 13 expressed his concern over the current state of the economy as being in a crisis, and said he felt “heavy-hearted” about the economic prospects next year.
Customs personnel at the Hoanh Mo border gate in the northern coastal province of Quang Ninh had processed customs clearance procedures for 2,045 declarations for traded goods worth close to 63.38 million USD on the Vietnam Automated Cargo and Port Consolidated System (VNACCS/VCIS) as of September 28.
Prime Minister Pham Minh Chinh on June 17 asked the Mekong Delta province of An Giang to mobilise resources to develop infrastructure for cross-border trade.
A high-level delegation from the northeastern border province of Quang Ninh’s Mong Cai city on December 21 held a virtual meeting with authorities of Dongxing city in China's Guangxi province, discussing bilateral collaboration across fields in the time to come.
Minister of Industry and Trade Nguyen Hong Dien paid a courtesy call to Lao Prime Minister Phankham Viphavanh in Vientiane on April 11, part of his working trip to Laos to co-chair the border trade development cooperation conference.
Border trade between Malaysia and Thailand increased 30.26 percent to 627.7 billion THB (more than 19 billion USD) last year following the reopening of all nine checkpoints along their shared borders, according to officials.
Minister of Industry and Trade Nguyen Hong Dien on August 16 put forward several measures that need to be done in the coming times to boost the development of border trade.
Despite serious impacts from the COVID-19 pandemic, border trade activities in Mong Cai city of northern Quang Ninh province, which borders China, have been well maintained with a surge in the volume of import and export goods compared to the figure in 2020.
Thailand’s cross-border trade rose by 26.7 percent in the first four months of this year, raising its government's confidence that such trade will grow by 3-6 percent in 2021 after declining 1.7 percent last year.
Thailand's cross-border trade was down by 9.7 percent year-on-year in the first five months of 2020 due to the impacts of COVID-19 pandemic on the global economy, and neighbours’ closure of nearly all border checkpoints.
Border trade between Myanmar and Thailand reached 1.15 billion USD in the first quarter of the present fiscal year 2019 – 2020 which started in October.
Myanmar’s border trade with neighbouring countries reached about 2.4 billion USD as of December 20 in present fiscal year 2019-2020 which started from October 1.
Despite being considered as the driving force of Vietnam’s economic growth, agriculture has been held back by an incomplete logistics system which fails to ensure quality and connect farms with markets, according to Ministry of Agriculture and Rural Development (MARD).
The value of Thailand’s border trade rose slightly in the first half of 2019 and is expected to expand in the second half, the Department of Foreign Trade under the Thai Ministry of Commerce said on July 30.
The Asian Development Bank (ADB) has approved a loan worth 188 million USD to improve and upgrade 198 km of roads in Vietnam’s mountainous northwest region.
