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Source: Socialist Republic of Vietnam

The event was held in Ho Chi Minh City by the Investment and Trade Promotion Centre (ITPC) of Ho Chi Minh City in partnership with Central Retail Vietnam.

ITPC Deputy Director Tran Phu Lu said that Thailand is the Vietnam’s largest trade partners in ASEAN, noting that import and export revenue between Vietnam and Thailand in the 2016-2019 period accounted for 30% of Vietnam’s total import and export revenue from all countries in ASEAN.

Vietnam’s export revenue to Thailand makes up one fifth of Vietnam’s total export revenue from ASEAN and Thailand always maintains its position as the largest export market of Vietnam in ASEAN. However, Vietnam always posts a trade deficit with Thailand.

Through Central Retail, one of the leading retail groups in Thailand, Vietnamese enterprises are expected to bring their products to the Big C supermarket chain and export to Thailand in a bid to ease negative impacts from the COVID-19 pandemic, restore business activities, and expand markets.

Enterprises were also informed of the needs and tastes of Thai consumers as well as the opportunities and challenges in selling goods in this market. At the event, Vietnamese enterprises were also given the chance to introduce their products to Thai enterprises through virtual platforms.

MIL OSI Asia Pacific News