Vietnam, Thailand target US$15 billion in trade

09:46 | 07/05/2015 Trade

(VEN) - Vietnamese Ministry of Industry and Trade Vu Huy Hoang recently discussed with Thai Minister of Commerce Chatchai Sarikalya measures to promote trade and investment cooperation between the two countries, looking towards the US$15 billion bilateral trade target set for 2020.

Vietnam, Thailand target US$15 billion in trade

According to Minister Vu Huy Hoang, Thailand is one of the leading partners for Vietnam in the Association of South East Asian Nations (ASEAN). Thai investors have shown their growing interest in Vietnam and are actively expanding investment in the Vietnamese market in fields such as energy, oil and gas. The Vietnamese government encourages and is willing to create favorable conditions for Thai businesses to invest in Vietnam.

Minister Chatchai Sarikalya said that Thailand wanted to promote economic cooperation with Vietnam. Bilateral trade reached over US$10 billion last year and the two countries are looking towards the goal of increasing it to US$15 billion by 2020.

“The forthcoming session of the Vietnam-Thailand Joint Committee on Trade Cooperation will take place in June, offering a chance for the two sides to discuss more specific directions for bilateral trade development,” Minister Chatchai Sarikalya said.

Hung Cuong