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Thai firms ink deal to boost investment in border zone

Update: March, 28/2012 - 09:58

 

Workers package confectionary products for exports to Thailand at BISCAFUN Co in Quang Ngai Province. Bilateral trade between the two countries totalled US$9.3 billion last year. —VNA/VNS Photo Thanh Long
HA NOI — Enterprises from Viet Nam's central Ha Tinh Province and Thailand's north-eastern Nakhom Phanom Province on Monday signed seven agreements to invest in Ha Tinh's Cau Treo Economic Zone.

The signing took place at an investment promotion seminar in Nakhom Phanom, where provincial chairmen committed to co-operating in education, traffic, trade, services and tourism development.

Traffic connections would soon be established to facilitate trade between the two provinces, they said.

At the event, Commercial Counsellor Nguyen Thanh Hung introduced Viet Nam's investment policies and described some of the advantages to investing in the country.

Hung said economic and trade relations between the two countries had strongly developed over the last few years. Bilateral trade totalled US$9.3 billion last year, and Thailand invested in 264 projects in Viet Nam with a total capital of $6.7 billion, ranking 11th among all countries and territories with investments in Viet Nam.

Tourism co-operation was undergoing continuous development, with a significant number of visitors travelling to the countries' twinned provinces which had generated a considerable number of jobs in these areas, he said.

Vietnamese Ambassador to Thailand Ngo Duc Thang said he expected more Thai enterprises and investors to soon make decisions to boost investment in Ha Tinh.

Cau Treo Economic Zone is located in the border area of Viet Nam and Laos on the East-West Economic Corridor. It is one of nine international border gate economic zones which the Government has prioritised for development in master plans until 2020.

Major sectors in which the Ha Tinh People's Committee called for investment into the zone during the 2011-15 period include industrial park infrastructure, urban and tourism complexes, consumer goods production, processing, installation, recycling, trade, services, hotels and restaurants. — VNS

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