Bien was speaking at a conference on business and investmentopportunities in Vietnam held in Khon Kaen province, Thailand , onSept. 29.
The stable political situation was adecisive factor in the growth of investment, as was the attractivenessof the country, Bien added.
He said Vietnam wasin the process of perfecting its legal system in accordance withinternational standards, while streamlining administrative procedures byas much as 30 percent and improving the country's infrastructure tomake it more attractive to foreign investors.
From2007-09, bilateral trade grew annually by 10.6 percent. Last year,despite the global economic downturn, two-way trade topped 6.1 billionUSD and is expected to hit 10 billion USD over the next few years.
In the first half of this year, Vietnam 's exports to Thailandrose 4 percent, while its imports increased by 43 percent.
As of August, Thai businesses had invested 34 million USD 12 projectsin Vietnam , making it the 18th biggest investor in the country./.