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.
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.
The Mong Cai Border Gate Economic Zone in the northeastern province of Quang Ninh is set to become a key border gate economic zone of Vietnam under a recently amended overall planning scheme on its development until 2040.
The Thai cabinet on March 3 approved the reopening of three border checkpoints linking Thailand and Laos, which were closed down last year to contain the spread of the COVID-19 pandemic.
Thailand's cross-border trade is expected to recover to growth of 3-6 percent this year, spurred by COVID-19 vaccine distribution and the global economic recovery.
Malaysia will benefit from its participation in the Regional Comprehensive Economic Partnership Agreement (RCEP) as it enhances economic integration and facilitation between ASEAN countries and their dialogue partners, namely China, Japan, the Republic of Koreas, Australia, and New Zealand.
Thailand’s cross-border trade, including transit trade, fell by 7.42 percent year-on-year in the first eight months, mainly attributed to the impact of the COVID-19 pandemic and a slowing economy.
Chairman of the People’s Committee of northern Lang Son province Ho Tien Thieu and Chairman of the Guangxi Zhuang Autonomous Region of China Chen Wu engaged in phone talks on September 21.
Thailand's cross-border trade fell 8.5 percent year-on-year in January-July period, mostly due to the closure of border checkpoints amid COVID-19, according to the Thai Ministry of Commerce.
Cambodia will open a new international border gate, named Prey Vor, in Svay Rieng province’s Kampong Ror district soon, to enhance cross-border trade with Vietnam.
International and regional cooperation is more important than ever before for the world to overcome the COVID-19 crisis, Deputy Prime Minister and Foreign Minister Pham Binh Minh said on September 3 when attending a virtual conference of the Group of 20 (G20) foreign ministers.
Business
