Prime Minister Nguyen Xuan Phuc concludes Thai visit

During talks, the two PMs vowed to lift bilateral trade to USD 20 billion before 2020 by helping each other become regional trade hub and encouraging Thai investment in tourism, support industry, finance-banking, science-technology, agro-fisheries. The two sides reaffirmed the significance of maintaining peace, security, stability and maritime safety and freedom in the East Sea (South China Sea). Prime Minister Nguyen Xuan Phuc meets Vietnamese nationals in Thailand. Concerned parties need to fully and effectively implement the Declaration on the Conduct of Parties in the East Sea (DOC); building, maintaining and improving mutual trust; respecting the principles of exercising self-restraint and banning use of force; and settling differences and disputes by peaceful means in line with international law, including 1982 United Nations Convention on the Law of the Sea (UNCLOS), they said. They reiterated their support for ASEAN and China to soon reach a Code of Conduct in the East Sea (COC). The Vietnamese PM, President of the Thai National Legislative Assembly Pornpetch Wichitcholchai, and President of the Thai Privy Council Prem Tinsulanonda hailed significant progresses in the framework of the 2014-2018 Action Plan to implement the Thailand – Vietnam strategic partnership, and agreed to continue fostering bilateral links. The two PMs also witnessed the signing of a cooperation agreement on science-technology and innovation between Vietnamese and Thai governments, memorandums of understanding on economy, trade, post and telecommunications and banking between ministries and agencies, and others between localities and businesses. PM…... [read more]

Prime Minister Nguyen Xuan Phuc addresses the “Viet Nam – Thailand Economic Cooperation Forum” held in Bangkok on Friday. — VNA Photo Thong Nhat Prime Minister Nguyen Xuan Phuc expressed his hope that Thai businesses would make the most of co-operation and investment opportunities in Viet Nam, especially in the context of Viet Nam promoting mergers and acquisitions along with the equitisation of State-owned enterprises (SOEs). He made the remarks while addressing the “Viet Nam – Thailand Economic Co-operation Forum” held in Bangkok on Friday. PM Phuc was attending the event as part of his three-day visit to Thailand from August 17-19 at the invitation of Thai Prime Minister Prayut Chan-o-cha. The forum, hosted by the Thai Business Association in Viet Nam, Thailand’s Kasikornbank (KBank) in co-operation with the Ministry of Planning and Investment of Viet Nam and the Vietnamese Embassy in Thailand, featured some 500 firms from both Thailand and Viet Nam. Phuc said Viet Nam was stepping up merger and acquisition (M&A) activities in combination with equitisation of State enterprises in transport, infrastructure, food, agriculture, telecommunication, trade, services, tourism and construction. The Vietnamese Government leader invited Thai businesses to become shareholders of Viet Nam’s State-owned groups and corporations. According to the PM, since the two countries established a strategic partnership in 2013, co-operation between Viet Nam and Thailand has flourished, with bilateral trade turnover increasing from US$5.78 billion in 2009 to $12.5 billion in 2016. Thailand now has…... [read more]

Prime Minister Nguyễn Xuân Phúc expressed his hope that Thai businesses would make the most of co-operation and investment opportunities in Việt Nam, especially in the context of Việt Nam promoting mergers and acquisitions along with the equitisation of State-owned enterprises (SOEs). Prime Minister Nguyễn Xuân Phúc addresses the “Việt Nam – Thailand Economic Cooperation Forum” held in Bangkok on Friday. - VNA Photo He made the remarks while addressing the “Việt Nam – Thailand Economic Co-operation Forum” held in Bangkok on Friday. PM Phúc was attending the event as part of his three-day visit to Thailand from August 17-19 at the invitation of Thai Prime Minister Prayut Chan-o-cha. The forum, hosted by the Thai Business Association in Việt Nam, Thailand’s Kasikornbank (KBank) in co-operation with the Ministry of Planning and Investment of Việt Nam and the Vietnamese Embassy in Thailand, featured some 500 firms from both Thailand and Việt Nam. Phúc said Việt Nam was stepping up merger and acquisition (M&A) activities in combination with equitisation of State enterprises in transport, infrastructure, food, agriculture, telecommunication, trade, services, tourism and construction. The Vietnamese Government leader invited Thai businesses to become shareholders of Việt Nam’s State-owned groups and corporations. According to the PM, since the two countries established a strategic partnership in 2013, co-operation between Việt Nam and Thailand has flourished, with bilateral trade turnover increasing from US$5.78 billion in 2009 to $12.5 billion…... [read more]

The Vietnamese and Thai prime ministers on Thursday expressed their support for a code of conduct to be agreed upon quickly between the  Association of Southeast Asian Nations (ASEAN) and China regarding the South China Sea, which is known in Vietnam as the East Sea. The statement was issued during Vietnamese Prime Minister Nguyen Xuan Phuc's official three-day visit to Thailand, according to Vietnam's foreign ministry. Phuc and his Thai counterpart Prayut Chan-o-cha both reaffirmed the importance of maintaining peace, security, stability and freedom of navigation in the South China Sea. The two prime ministers called for the full and effective implementation of the 2002 Declaration of Conduct of Parties in the South China Sea. The leaders also emphasized the need for all countries involved to raise mutual trust, exercise self-restraint, avoid the use of violence and settle disputes by peaceful means and in accordance with international laws, including the 1982 United Nations Convention on the Law of the Sea. Both sides expressed their commitment to cooperate with each other and with the other ASEAN members to maintain and promote the association's central role in dealing with threats to the region's peace and security. Regarding bilateral cooperation, they also agreed to strengthen trade and investment ties. The two countries have set a bilateral trade target of $20 billion for 2020. The two prime ministers emphasized security and defense cooperation as one of the main pillars of their strategic partnership.  Vietnam and Thailand also agreed to promote multimodal transport links…... [read more]

NDO - Prime Minister Nguyen Xuan Phuc has said that he expects Vietnamese and Thai enterprises to engage in further cooperation so that both sides will achieve economic success commensurate with their strategic partnership. The Vietnamese leader made the remarks on August 18 while attending the Vietnam-Thailand Economic Cooperation Forum in Bangkok, where he introduced business opportunities in Vietnam to Thai investors. He said the Vietnamese government is fostering the M&A activities along with the equitisation of State-owned enterprises in the fields of transport, infrastructure, food, agriculture and telecommunications, among others. PM Phuc added that Vietnam will establish the necessary legal frameworks to stimulate public-private partnerships in infrastructure development and encourage investment in promising Vietnamese start-ups. He emphasised that the Vietnamese government will create all conditions conducive to foreign investors in Vietnam, in a win-win spirit with policies approaching the top ASEAN practices. Since Vietnam and Thailand first established their strategic partnership four years ago, bilateral trade has reached over US$12.5 billion. Thailand currently has 470 projects in Vietnam with a total capital of more than US$8 billion. Regarding their tourism cooperation, the annual number of Vietnamese tourists travelling to Thailand is estimated at 830,000, while there are also 270,000 Thai tourists visiting Vietnam every year. Underlining the role of enterprises in enabling the two countries to soon realise the bilateral trade target of US$20 billion in 2020, PM Phuc noted that the two sides discussed holding joint cabinet meetings annually, or every two years, to address any unresolved difficulties…... [read more]

Prime Minister Nguyen Xuan Phuc (L) shakes hands with his Thai counterpart Prayut Chan-ocha (Source: VNA) ​Bangkok (VNA) – Prime Minister Nguyen Xuan Phuc and his Thai counterpart Prayut Chan-ocha expressed their satisfaction at the strong development of Vietnam-Thailand cooperation over the past 41 years since they established diplomatic ties in August 1976, during their talks in Bangkok on August 17. The two PMs recognised that the bilateral relations have been stable and developed in all fields from politics and security to economy and socio-culture, especially after Vietnam and Thailand established a strategic partnership in 2013. To further the relationship in the coming time, they agreed to enhance all-level delegation exchanges and effectively implement cooperation mechanisms in addition to soon organising the third meeting of the joint committee on bilateral cooperation, the third foreign minister-level meeting, the third meeting of the joint committee on trade, and particularly the fourth joint cabinet meeting. [Vietnam aims for deeper relations with Thailand through PM’s visit] Both sides vowed efforts to raise bilateral trade to 20 billion USD by 2020 and support each other to become centres for investment and trade in the region. They agreed to foster rice-related cooperation and provide favourable conditions for Vietnamese and Thai rice to access each other’s market. PM Chan-o-cha affirmed that he will encourage Thai businesses to increase investment in fields critical to Vietnam’s development such as tourism, support industries, finance, banking, science-technology, and agro-fisheries. Both leaders stressed that security-defence …... [read more]

NDO/VNA – Prime Minister Nguyen Xuan Phuc and his Thai counterpart Prayuth Chan-ocha expressed their satisfaction at the strong development of Vietnam-Thailand cooperation over the past 41 years since they established diplomatic ties in August 1976, during their talks in Bangkok on August 17. >>> Deepening Vietnam-Thailand strategic partnership The two PMs recognised that the bilateral relations have been stable and developed in all fields from politics and security to economy and socio-culture, especially after Vietnam and Thailand established a strategic partnership in 2013. To further the relationship in the coming time, they agreed to enhance all-level delegation exchanges and effectively implement cooperation mechanisms in addition to soon organising the third meeting of the joint committee on bilateral cooperation, the third foreign minister-level meeting, the third meeting of the joint committee on trade, and particularly the fourth joint cabinet meeting. Both sides vowed efforts to raise bilateral trade to US$20 billion by 2020 and support each other to become centres for investment and trade in the region. They agreed to foster rice-related cooperation and provide favourable conditions for Vietnamese and Thai rice to access each other’s market. PM Chan-o-cha affirmed that he will encourage Thai businesses to increase investment in fields critical to Vietnam’s development such as tourism, support industries, finance, banking, science-technology, and agro-fisheries. Both leaders stressed that security-defence cooperation is one of the pillar of the Vietnam-Thailand strategic partnership. The two countries will step up sharing defence-related viewpoints and policies while boosting collaboration…... [read more]

NDO/VNA – Prime Minister Nguyen Xuan Phuc and his Thai counterpart Prayuth Chan-ocha expressed their satisfaction at the strong development of Vietnam-Thailand cooperation over the past 41 years since they established diplomatic ties in August 1976, during their talks in Bangkok on August 17. >>> Deepening Vietnam-Thailand strategic partnership The two PMs recognised that the bilateral relations have been stable and developed in all fields from politics and security to economy and socio-culture, especially after Vietnam and Thailand established a strategic partnership in 2013. To further the relationship in the coming time, they agreed to enhance all-level delegation exchanges and effectively implement cooperation mechanisms in addition to soon organising the third meeting of the joint committee on bilateral cooperation, the third foreign minister-level meeting, the third meeting of the joint committee on trade, and particularly the fourth joint cabinet meeting. Both sides vowed efforts to raise bilateral trade to US$20 billion by 2020 and support each other to become centres for investment and trade in the region. They agreed to foster rice-related cooperation and provide favourable conditions for Vietnamese and Thai rice to access each other’s market. PM Chan-o-cha affirmed that he will encourage Thai businesses to increase investment in fields critical to Vietnam’s development such as tourism, support industries, finance, banking, science-technology, and agro-fisheries. Both leaders stressed that security-defence cooperation is one of the pillar of the Vietnam-Thailand strategic partnership. The two countries will step up sharing defence-related viewpoints and policies while boosting collaboration…... [read more]

The Tata Coffee Vietnam will supply instant coffee with a new flavour to Vietnamese customers and for export. — Photo bnews.vn Tata Coffee Vietnam, a member of India’s Tata Coffee Limited, began construction of a freeze-dried coffee plant at VSIP II Industrial Park in Binh Duong’s Bac Tan Uyen District. The 8ha plant has investment capital of nearly US$60 million. It will supply instant coffee with a new flavour to Vietnamese customers and for export. This is the second project invested by Tata Coffee Limited in Viet Nam. Speaking at the ground-breaking ceremony on Wednesday, Indian Ambassador Parvathaneni Harish said bilateral trade between the two countries has witnessed impressive growth in recent years. In 2016, the two sides’ trade turnover reached $5.4 billion. However, this result is still moderate compared with the potential of the two countries. Indian businesses have invested nearly $1.3 billion, of which the instant coffee plant in Binh Duong Province is one of the largest projects in Viet Nam. Deputy Chairman of Binh Duong People’s Committee Dang Minh Hung said Tata Coffee Limited’s investment matched with the province’s policies and orientation of calling for investment. The province would always support and create favourable conditions for the company to develop business, he said. — VNS ... [read more]

Tata Coffee Vietnam, a member of India’s Tata Coffee Limited, began construction of a freeze-dried coffee plant at VSIP II Industrial Park in Binh Duong’s Bac Tan Uyen District. The Tata Coffee Vietnam will supply instant coffee with a new flavour to Vietnamese customers and for export. - Photo bnews.vn The 8ha plant has investment capital of nearly US$60 million. It will supply instant coffee with a new flavour to Vietnamese customers and for export. This is the second project invested by Tata Coffee Limited in Viet Nam. Speaking at the ground-breaking ceremony on Wednesday, Indian Ambassador Parvathaneni Harish said bilateral trade between the two countries has witnessed impressive growth in recent years. In 2016, the two sides’ trade turnover reached $5.4 billion. However, this result is still moderate compared with the potential of the two countries. Indian businesses have invested nearly $1.3 billion, of which the instant coffee plant in Binh Duong Province is one of the largest projects in Viet Nam. Deputy Chairman of Binh Duong People’s Committee Dang Minh Hung said Tata Coffee Limited’s investment matched with the province’s policies and orientation of calling for investment. The province would always support and create favourable conditions for the company to develop business, he said. Source VNA ... [read more]




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