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Thailand invests heavily in Viet Nam, promises more   2009-08-26 - Viet Nam News

Thailand has so far invested more than US$6 billion in roughly 200 projects in Viet Nam, said Thai ambassador to Viet Nam Pisanu Chanvitan yesterday, August 25.

Addressing a seminar on enhancing Viet Nam-Thailand co-operative opportunities, Pisanu said that Thailand was the world's eighth largest investor and ASEAN's third largest investor in Viet Nam.

Pinasu said that Thailand expected to team up with Viet Nam to increase co-operation with countries in Southeast Asia and within the framework of the Greater Mekong Sub-region, the East-West Corridor and the Ayeyawady-Chao Phraya-Mekong Economic Co-operation Strategy.

Pham Thi Hong Thanh, deputy director of the Asia-Pacific Department under the Ministry of Industry and Trade, said that Viet Nam and Thailand had so far signed nearly 30 co-operation agreements on investment, trade, tourism, agriculture and forestry.

Bilateral trade between Viet Nam and Thailand has grown rapidly in the past years, reaching roughly 25-30 per cent yearly on average. Last year, Viet Nam exported roughly $1.3 billion to Thailand, while importing $4.9 billion from the country.

Through improved co-operation, Viet Nam and Thailand expect to increase bilateral trade to $10 billion in 2010.

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