New era of Thailand-Vietnam economic cooperation
(VOV) - The recently established strategic partnership between Vietnam and Thailand offers long-term prospects for stronger bilateral economic cooperation.
The view was shared by hundreds of Vietnamese and Thai officials and businesspeople attending a seminar in Bangkok on September 25.
Vietnamese Ambassador to Thailand Ngo Duc Thang acknowledged the recent positive trade, investment, and tourism development between the two countries, saying two-way trade turnover reaching US$10 billion in 2012.
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Thailand is one of Vietnam’s top ten foreign investors, with 315 projects worth US$6.4 billion. Vietnam has also invested in eight projects in Thailand capitalised at nearly US$12 million.
Vietnam ranks 9th in terms of foreign arrivals to Thailand, while Thailand supplies the 13th largest number of foreign visitors to Vietnam.
Thang stressed the Vietnam-Thailand strategic partnership will help strengthen bilateral economic cooperation and mutually beneficial ASEAN community integration in trade, investment, agriculture, energy, telecommunications, information technology, and transport.
Thang expressed hope more Thai investors will explore Vietnamese opportunities in the near future.
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Thailand-Vietnam Friendship Association President Prachuap Chayasan also acknowledged the role of the strategic partnership in driving bilateral cooperation across all fields.
He revealed the two governments are working together to resolve issues related to Vietnamese workers in Thailand.
The Thailand Board of Investment’s (TBOI) Foreign Investment Promotion Agency Director Siriporn Nuruksa said both countries expect to see increasing numbers of businesses investing and operating in their territories.
Vietnamese Trade Office and TBOI representatives briefed seminar attendees on Vietnam’s economic developments and opportunities for Thai businesses.
A number of Thai business leaders already boasting effective Vietnamese operations also shared their experiences with participants.