Vietnamese businesses to showcase products in Thailand this August

This information was revealed at a recent meeting held between leaders of the Ministry of Industry and Trade and Olivier Langlet, chief executive officer at Central Retail Vietnam.

According to the schedule, the five-day event will attract the participation of 80 Vietnamese enterprises from seven southern localities, including Long An, Ben Tre, Kien Giang, Bac Lieu, Tra Vinh, and Dong Thap.

They will showcase their high-quality range of products from consumer goods, organic food, to typical local products that fully meet export standards.

The show is expected to popularize Vietnamese products among Thai consumers, said organisers.

According to Deputy Minister of Industry and Trade Do Thang Hai, over recent years Vietnamese Goods Week has positively contributed to the significant development of bilateral trade cooperation between Vietnam and Thailand.

Thailand now makes up the country's largest economic partner in ASEAN, while Vietnam is Thailand’s second-largest economic partner.

In 2022, total import-export turnover between both sides reached US$21.6 billion, up 15.1% compared to 2021. Of this figure, exports hit US$7.5 billion, up 21.5%, while imports reached US$14.1 billion, up 12% compared to the previous year.

The country’s trade deficit with Thailand amounted to US$6.6 billion, up 2.9% compared to figures from 2021.

The two countries are striving to lift bilateral trade to US$25 billion in the near future, Deputy Minister Hai said.