Cooperation between Vietnam and Thailand had significantly developed in the past years, particularly in trade and investment, said Nguyen Thanh Bien, deputy minister of Industry and Trade.
Bien was speaking at a conference on business and investment opportunities in Vietnam held in Khon Kaen province, Thailand , on Sept. 29.
The stable political situation was a decisive factor in the growth of investment, as was the attractiveness of the country, Bien added.
He said Vietnam was in the process of perfecting its legal system in accordance with international standards, while streamlining administrative procedures by as much as 30 percent and improving the country's infrastructure to make it more attractive to foreign investors.
From 2007-09, bilateral trade grew annually by 10.6 percent. Last year, despite the global economic downturn, two-way trade topped 6.1 billion USD and is expected to hit 10 billion USD over the next few years.
In the first half of this year, Vietnam 's exports to Thailand rose 4 percent, while its imports increased by 43 percent.
As of August, Thai businesses had invested 34 million USD 12 projects in Vietnam , making it the 18th biggest investor in the country./.
Bien was speaking at a conference on business and investment opportunities in Vietnam held in Khon Kaen province, Thailand , on Sept. 29.
The stable political situation was a decisive factor in the growth of investment, as was the attractiveness of the country, Bien added.
He said Vietnam was in the process of perfecting its legal system in accordance with international standards, while streamlining administrative procedures by as much as 30 percent and improving the country's infrastructure to make it more attractive to foreign investors.
From 2007-09, bilateral trade grew annually by 10.6 percent. Last year, despite the global economic downturn, two-way trade topped 6.1 billion USD and is expected to hit 10 billion USD over the next few years.
In the first half of this year, Vietnam 's exports to Thailand rose 4 percent, while its imports increased by 43 percent.
As of August, Thai businesses had invested 34 million USD 12 projects in Vietnam , making it the 18th biggest investor in the country./.
