Prime Minister Pham Minh Chinh received Lao Minister of Industry and Commerce Malaythong Kommasith and senior officials of the country’s Ministry of Energy and Mines in Hanoi on December 23.
The new director-general of the Thai Ministry of Commerce’s Department of Foreign Trade, Ronnarong Phoolpipat, said on October 3 that he will give priority to promoting cross-border trade and government-to-government (G2G) rice deals with China to serve economic recovery post COVID-19.
The Thai and Malaysian governments are in talks to construct two new bridges across Golok River, aimed at boosting cross-border trade, the Thai government's spokesperson Ratchada Thanadirek has said.
Despite slower economic growth in neighbouring countries and zero-COVID measures in China, Thailand's cross-border trade is still expected to grow by at least 5% this year to 1.8 trillion THB (49.24 billion USD), driven by greater demand for gasoline, edible oil, tyres and auto parts.
Head of the Communist Party of Vietnam (CPV) Central Committee’s Commission for External Relations Le Hoai Trung held an online talks with Liu Jianchao, head of the International Liaison Department of the Communist Party of China (CPC) Central Committee on July 6.
Many small and medium-sized enterprises (SMEs) plan to increase cross-border trade for their products via e-commerce platforms to promote exports in the context of the COVID-19 pandemic.
Thailand’s total trade with neighbouring countries, including cross-border trade, came in at 141.07 billion THB (4.22 billion USD) in January, up 9.49 percent year on year.
After a short break to welcome the Lunar New Year (Tet) festival, border gates and crossings in Mong Cai city in the northern province of Quang Ninh has reopened since February 3 to keep cross-border trade uninterrupted.
The Thai government expects cross-border trade to expand by as much as 8-9 percent this year, propelled by the global economic recovery, baht weakening, and ongoing efforts by the Commerce Ministry to speed up the reopening of border checkpoints, as well as cooperation with the private sector.
the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) is cooperating with e-commerce giant Amazon to facilitate cross-border trade with a number of support policies, according to a representative of the bank.
The Thai Government has become more optimistic about the country's cross-border trade prospects in 2021 after overall cross-border trade, including transit trade, recorded healthy growth of 31.2 percent in the first eight months.
The average duration for customs clearance for exports last year stood at 38.4 hours, a decline by 57.38 hours compared to 2019, according to a survey of an inter-sectoral working group.
The time for customs clearance for exports, including the time for obtaining, preparing and submitting documents and and inspections, averaged 38.4 hours in Vietnam last year, a drop of 57.38 hours compared to 2019, according to the General Department of Vietnam Customs (GDVC).
A programme to promote cross-border trade connectivity between India and countries in the Greater Mekong Sub region (GMS) was jointly held by trade promotion agencies of Vietnam, India, Thailand and Cambodia on August 19.
ASEAN and the US Agency for International Development (USAID) on August 5 held the fifth symposium on the ASEAN Single Window (ASW) to plan for greater private sector engagement and facilitate cross-border trade.
Vietnam has proposed China’s Guangxi Zhuang Autonomous Region to provide all possible conditions for cross-border trade during a video teleconference between Minister of Industry and Trade Nguyen Hong Dien and Party Secretary of Guangxi Zhuang Autonomous Region Lu Xinshe earlier this week.
Thailand's Ministry of Commerce said that the Southeast Asian country's cross-border trade in June increased by 41.68 percent over the same period last year, reaching a value of 146.09 billion THB (4.41 billion USD).
Over the past years, the northern province of Quang Ninh has been working to gradually establish itself as a “gateway” for cross-border trade between Vietnam and China, thus contributing to bilateral economic ties.
Politics
