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).
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 is expected to recover to growth of 3-6 percent this year, spurred by COVID-19 vaccine distribution and the global economic recovery.
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.
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.
Vietnam actively contributed to common efforts of the international community at the UN High-Level Meeting for the Euro-Asia Region on Improving Cooperation on Transit, Trade Facilitation.
A summit of the United Nations (UN) is scheduled to take place in Hanoi on March 7-9 to enhance cooperation on transit, trade facilitation and the 2030 Agenda for Sustainable Development.
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