|Vietnamese goods are being displayed at the fair. — Photo nhandan.com.vn|
BANGKOK – More than 50 Vietnamese enterprises are showcasing their products at the Việt Nam Goods Fair 2016 in Thailand, which kicked off at the Central Word Plaza in Bangkok on Thursday.
Sanan Angubolkul, president of the Thailand-Việt Nam Business Council, described the four-day event as a good opportunity for Vietnamese firms to foster their understanding of Thai consumers’ preferences to develop suitable products and services for the market.
In his speech at the event’s opening ceremony, Deputy Minister of Industry and Trade Nguyễn Cẩm Tú spoke highly of bilateral trade relations between the two countries, which have developed significantly over the past few years.
With bilateral trade reaching earnings of US$11.5 billion in 2015, Thailand became Việt Nam’s leading commercial partner in the ASEAN, while Việt Nam was considered Thailand’s fourth largest partner in the bloc, Tú said.
The formation of the ASEAN Economic Community has opened up opportunities for the two sides to boost ties through fully combining supply and value chains in the region and globally, thus expanding their market to signatory parties of free trade agreements (FTAs), who are member nations of the ASEAN.
He added that both Việt Nam and Thailand were parties to several FTAs between the bloc and its partners, such as China, Japan, South Korea and India, as well as Australia and New Zealand, so the two countries’ enterprises need to fully tap opportunities created by these trade deals to make inroads into more markets and reinforce their links. -VNS