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VietNamNews

Thailand, Viet Nam strengthen trade ties ties

Update: July, 13/2012 - 10:11

HA NOI — Prime Minister Nguyen Tan Dung has expressed his wish to deepen Vietnamese – Thai multi-faceted cooperation in an effective manner as a means to benefit both countries.

At a reception for the Thai Minister of Commerce Boon-song Teriyapirom in Ha Noi yesterday, Dung said the two countries need to better tap their potential and strength for improvement of bilateral cooperation and development.

He suggested the two sides implement measures to effectively increase trade and investment, especially paying attention to cooperation in rice production and export for a co-operative mechanism in this field.

Teriyapirom said Thailand always attaches importance to further boosting trade and investment cooperation with Viet Nam, and makes every effort to maintain the two-way annual trade growth of 20 per cent.

He also pledged to encourage Thai businesses to enhance cooperation and investment in Viet Nam, and create favourable conditions for Vietnamese partners to seek investment opportunities in Thailand.

Along with promoting cooperation in rice production and consumption in the coming time, Thailand is keen to further step up aquaculture cooperation with Viet Nam.

Last year, two-way trade between Viet Nam and Thailand hit US$8.8 billion. In the first five months of this year, the figure was $3.8 billion, a year-on-year rise of 2.1 per cent. — VNS

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