Vietnam should set out a specific strategy for accessing the Thai market as the two countries share similarities in product types.
The Thai Ministry of Digital Economy and Society (DES) and the Lao Ministry of Technology and Communications on November 7 signed a memorandum of understanding (MoU) on cooperation in post, digital technology infrastructure, information and communication technology, and e-commerce in the next eight years.
Prime Minister Pham Minh Chinh’s official visit to Cambodia from November 8-9 and his attendance at the 40th and 41st ASEAN Summits and related Summits from November 10-13 are expected to help boost bilateral trade cooperation which has reported positive growth over the recent past.
Asean is now the third largest economy in Asia (in terms of 2020 GDP $2.9 trillion) after China ($15.5 trillion) and Japan ($5.1 trillion).
Given current regional and international situation, Regional Comprehensive Economic Partnership (RCEP) member economies should continue to strengthen trust and cooperation, and fully and effectively implement agreements and commitments.
Sri Lankan president said steps should be taken to gain membership in the Regional Comprehensive Economic Partnership (RCEP), the world's largest free trade agreement to date.
Thailand can use the Asia-Pacific Economic Cooperation (APEC) Leaders' Meeting and the APEC CEO Summit, to step up cooperation under "mini-free trade agreements" (mini-FTAs).
The Philippines remained the biggest importer of rice from Vietnam from January to September this year, the Vietnamese government reported.