Thai products marketed in Hanoi

(VOV) - More than 150 Thai leading businesses are showcasing their products at a fair in Hanoi in an effort to further penetrate the Vietnamese market. 

As many as 180 pavilions at the Thai Retail Fair 2014 introduce food, drinks, fruits, household utensils, garments and textiles, jewellery, electronics, cosmetics, automobiles, decorations, souvenirs, and aviation equipment.

Addressing the opening ceremony on August 14, Thai ambassador to Vietnam Panyarak Poolthup affirmed that the four-day fair has opened up plenty of opportunity for businesses of both nations to boost import-export turnover.

Thailand and Vietnam strive to increase their trade value by 20% annually, aiming to gross US$15 billion in value by 2020, he said.

Ta Hoang Linh, deputy head of the Trade Promotion Agency under the Ministry of Industry and Trade said that over the past years, Vietnam-Thai trade ties have increased impressively.

Two-way trade turnover reached over US$1 billion in 2000 for the first time and amounted to US$9.4 billion in 2013. In the first four months of the year, bilateral trade was US$3 billion.

Vietnam is now Thailand’s second largest trade partner in ASEAN and its ninth biggest trade partner in the world. 

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