VN & Thailand deepen mutual investment cooperation

Vietnamese Prime Minister (PM) Nguyen Xuan Phuc attended in the Vietnam- Thailand Economic Cooperation Forum in Bangkok capital of Thailand yesterday.

Prime Minister Nguyen Xuan Phuc and Deputy Prime Minister of Thailand Prajin Juntong witness exchanging cooperation agreements between the nations’ enterprises

Prime Minister Nguyen Xuan Phuc and Deputy Prime Minister of Thailand Prajin Juntong witness exchanging cooperation agreements between the nations’ enterprises

The event was co-organized by Thailand- Vietnam Enterprises Association, Kashikom Bank of Thailand, the Ministry of Planning and Investment of Vietnam and Vietnam Embassy to Thailand with the participation of 500 firms of the countries.
At the forum, PM Nguyen Xuan Phuc said that the two- way trade turnover of Vietnam and Thailand reached more than US$ 12.5 billion after four years of the establishment of the strategic partnership ties.
Thailand has had around 470 investment projects into Vietnam with total capital of over US$ 8 billion so far.
In the tourism sector, around 830, 000 Vietnamese travelers had arrived in Thailand, and Vietnam had attracted nearly 270,000 tourists from Thailand.
He said that Vietnam has been promoting Merge and Acquisition ( M& A) activities in combination with state-owned enterprises equalization in the fields of transport, infrastructure,food, agriculture, telecommunications, trade and services,tourism and construction…
The country also continues encouraging startup activities between domestic and global enterprises and creating advantages for foreign investors into the market.  
At the meeting with Thai Prime Minister Prayuth Chan-ocha, both sides discussed about organizing of annual and once in two year-meetings to solve difficulties for investors and other issues.
Under the witness of the Prime Ministers, the nations’ enterprises exchanged the cooperation agreements and documents in the fields of electrical power, high-tech agriculture, goods distribution, agricultural product purchase, construction ...
VN & Thailand collaborate mutual investment cooperation ảnh 1 Prime Minister Nguyen Xuan Phuc attends in an opening ceremony of Vietnamese Goods Week in Bangkok capital of Thailand 
Thai enterprises highly appreciated strong economic development of Vietnam, administration and policy reforms; and thanked the Vietnamese Government's assisstances for creating favorable condition for Thai businesses  as well as ASEAN countries which operating n the market.
On the occasion, SCG group unveiled development of Long Son Petrochemical Company (LSP), an investment and cooperation project between Petro Vietnam and SCG group. 
Both sides co-signed memorandum of understandings on investment cooperation between SCG Chemicals Company and member companies of Petro Vietnam.
Within the visit framework to Thailand, Prime Minister Nguyen Xuan Phuc had meetings with Head of Privy Council of Thailand Prem Tinsulanonda and President of the National Assembly of Thailand  Pornpetch Wichitcholchai. 
PM Phuc suggested the nations’ legislative agencies to strengthen information hoping that the partner will continue creating the best favorable business conditions  for Vietnamese firms; calling for its investors into Vietnam.



BY HANH CHI- Translated by Huyen Huong

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