VN-Thailand economic cooperation forum opens in Bangkok

PM Nguyen Xuan Phuc introduced abundant business opportunities in Viet Nam following the M&A trend and SOEs equtization at a forum on Viet Nam-Thailand economic cooperation forum in Bangkok on August 18.

The forum drew the attendance of Thai Deputy PM Prajin Juntong and 500 businessmen.

According to PM Phuc, after four years of the formation of the Viet Nam-Thailand strategic partnership, both sides enjoyed encouraging economic progresses.

The two-way trade turnover hit over US$ 12.5 billion in 2016. So far, Thailand had 470 valid FDI projects worth US$ 8 billion in Viet Nam. The number of Vietnamese tourists to Thailand was 830,000 annually on average. On the other hand, Viet Nam yearly welcomed 270,000 Thai guests.

PM Phuc took the occasion to brief delegates about Viet Nam's socio-economic performance, citing the country's golden population, higher business outlook, and membership of 12 FTAs, and introduced business opportunities there.

Specifically, Viet Nam is speeding up the M&A activities and SOEs equitization process on transport, infrastructure, food, foodstuff, agriculture, telecom, trade, service, tourism, and construction.

The Government chief also promised to create favorable mechanisms and legal framework to promote PPP model in infrastructure.

Viet Nam will continue to encourage business start-up; facilitate foreign investors to promote innovation in Viet Nam.

Finally, the PM pledged to perfect infrastructure, manpower, investment and the business environment.

Mr. Phuc highlighted the role of business circles in fulfilling the preset two-way trade turnover goal of US$ 20 billion by 2020.

PM Phuc and Thai Deputy PM Prajin Juntong witnessed the signing of agreements in such areas as electricity, high-tech farming, goods distribution, and construction./.

Source: Online Newspaper of the Government of the Socialist Republic of Vietnam