Vietnam, Thailand target US$25 billion in bilateral trade

VOV.VN - Foreign Minister Bui Thanh Son and Deputy Prime Minister and Foreign Minister of Thailand Don Pramudwinai consented to spare no efforts to elevate bilateral trade to US$25 billion soon during their phone talks on May 19.

The Thai diplomat praised Vietnam’s COVID-19 containment efforts, socio-economic development, remarkable external achievements, success in its role as ASEAN Chair 2020, a non-permanent member of the United Nations Security Council (UNSC) and UNSC Chair in April.

He affirmed his nation’s recognition of great importance to the strategic partnership with Vietnam.

In response, FM Thanh Son hailed the efficiency of bilateral collaboration across a range of fields, adding that Thailand remains Vietnam’s largest trade partner in ASEAN and the ninth largest investor despite COVID-19.

The pair agreed to closely work to celebrate the 45th anniversary of bilateral diplomatic ties (August 6), continue facilitating delegation exchange at all levels, effectively realize bilateral cooperation mechanisms, including the fourth Joint Cabinet meeting co-chaired by the two PMs, the fourth Inter-Committee on Bilateral Cooperation at ministerial level, and the eighth political consultation at deputy ministerial level. 

They concurred to soon sign an action programme to further enhance strategic partnership for the 2021-2025 period, work hand in hand to combat the pandemic and access safe and effective vaccines.

Son suggested Thailand mitigate trade barriers and share information related to export-import procedures and regulations.

Regarding regional and global issues of shared concern, they affirmed ASEAN’s central role in helping Myanmar overcome existing challenges.

Both sides pledged to partner with ASEAN to accelerate Myanmar’s implementation of “Five-point consensus” adopted at the ASEAN Leaders’ Summit in April.