Prime Minister Nguyen Xuan Phuc takes photo with Thai business people (Source: VNA) The event drew over 500 businesses from the twocountries.
Addressing the function, PM Phuc said thebilateral economic ties have seen progresses since Vietnam and Thailandestablished strategic partnership four years ago.
He cited that two-way trade reached over 12.5billion USD. Thailand now has 470 foreign direct investment (FDI) projectsworth over 8 billion USD in Vietnam. A number of Thai groups have been presentin the country.
Vietnamese tourists to Vietnam hit 830,000 while nearly 270,000 Thais visitedVietnam, he added.
According to the PM, Vietnam has stable macroeconomy and records a growth of 6 percent over the past 30 years. It is home toabout 23,000 FDI projects with a total investment of over 325 billion USD.
The country is proactively integrating into theworld and is an active and responsible member of the ASEAN Community.
It signed 12 free trade agreements (FTAs) and isnegotiating another four deals to link its economy with 55 nations, includingthose from G7 and G20, he said.
He noted that Vietnam is stepping up the mergerand acquisition (M&A) activities in combination with equitisation of Stateenterprises in the fields of transport, infrastructure, food, agriculture,telecommunication, trade, services, tourism and construction.
The Vietnamese Government leader invited Thaibusinesses to become strategic shareholders of Vietnam’s State-owned groups andcorporations.
The Vietnamese Government is intensifyingefforts to reform institutions and legal framework while promotingpublic-private partnership (PPP) in infrastructure development and encouraging foreigninvestors to join in with flexible capital contribution and favourablemechanism, he added.
Vietnam continues encouraging startups andconnecting the country’s startup ecosystem with the region and the globe aswell as creating the best conditions for foreign companies to invest in localstartup firms.
PM Phuc affirmed that the Vietnamese Governmentwill provide more support for foreign investors to do business in the countryin the spirit of win-win cooperation.
“Your success is our success,” he told participating businesses, adding thathis government will develop infrastructure, train human resources and improvebusiness environment to fuel sustainable development in the future.
Emphasising the role of businesses in bringingtwo-way trade to 20 billion USD in 2020, the PM said during talks with his Thaicounterpart Prayut Chan-ocha on August 17, the two sides have discussed the organisationof the joint cabinet meeting on an annual or biennial basis, including thesettlement of difficulties for investors and the improvement of air, land andsea route infrastructure connectivity, Phuc said.
He hoped Vietnamese and Thai businesses willshake hands to reap early successes in the future.
At the forum, PM Phuc and Thai Deputy PrimeMinister Prajin Juntong witnessed the signing of cooperation agreements betweenthe two countries in power, hi-tech agriculture, goods distribution, sales offarm produce, and construction.-VNA
VNA
