Hanoi (VNA) – The Vietnam Trade Promotion Agency (Vietrade), under the Ministry of Industry and Trade, will organize a consulting workshop in the southern province of Tay Ninh on June 21 for exporters interested in the markets of Laos and Thailand.
The hybrid event will also be held virtually on Zoom and streamed live on VietradeThe Facebook fan page of .
A similar event will be held the next day to help Vietnamese companies export agricultural and food products to Cambodia.
According to the Ministry of Industry and Commerce, Vietnam’s trade with Laos reached $708.2 million in the first five months of 2022, as Vietnam’s exports to the neighboring country fell by 11.7 % year-on-year to reach $247.2 million.
Vietnam mainly shipped steel products, vehicles and parts, machinery and accessories, fertilizers, plastics and vegetables to Laos.
Thailand has remained among Vietnam’s top 10 trading partners for years. Data from the International Trade Center (ITC) showed that bilateral trade between the two countries increased sevenfold to USD 16.58 billion in 2020 from USD 2.31 billion in 2004, with an average annual growth of more than 11%.
In the first five months of this year, bilateral trade totaled $8.57 billion. Vietnam’s exports to Thailand were $2.95 billion, up 15.6 percent from the same period last year, while imports were $5.26 billion , up 3.5% year-on-year.
Thai consumers mainly favor aquatic products, vegetables, cashew nuts, coffee, pepper and fruits from Vietnam.
Vietnam and Cambodia experienced an average annual growth of 17% in bilateral trade from 2016 to 2020 to reach USD 5.32 billion in 2020.
Vietnam’s exports to Cambodia stood at $4.8 billion in 2021, a year-on-year increase of 15.7 percent from the previous year. The figure jumped 31.2% in the first five months of this year to $2.6 billion.
Cambodia mainly imported steel products, chemicals, plastics, machinery and electrical appliances, processed foods, confectionery and cereals from Vietnam, while exporting rubber, cashew nuts and agricultural products to Vietnam. ./.