Politics

Vietnam and Thailand seek closer industrial partnership

DNVN - During a meeting with Thai Minister of Industry Suriya Juangroongruangkit on September 13, Vietnamese Ambassador to Thailand Phan Chi Thanh urged Thai companies to continue investing in Vietnam, particularly in high-tech and environmentally-friendly industries like electric vehicles.

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He stated that the Vietnamese government is willing to create favorable conditions for Thai investors and supports the Thai Chamber of Commerce's operations in Vietnam. Thanh remarked that Thailand is Vietnam's largest ASEAN trading partner and ninth-largest foreign investor.

At the event (Photo: VNA).

At the event (Photo: VNA).

The ambassador proposed that the Thai official facilitate Vietnamese companies operating in Thailand, thereby fostering investment, trade, and tourism between the two nations. In addition, he suggested that the Thai and Vietnamese ministries of industry review their industrial cooperation activities. Suriya concurred with the ambassador of Vietnam that it is time to promote bilateral cooperation in the industry. Vietnam is a bright spot for attracting foreign investment, he said, because of its favorable investment climate, low labor costs, and skilled workforce.

The development of the electric vehicle industry is a priority for Thailand's bio-circular-green economic (BCG) model, he said, adding that this is a potential area of cooperation between the two nations. He promised to foster favorable conditions for Vietnamese firms operating in Thailand. The Thai official also expressed his hope for future support from the Vietnamese Embassy in order to strengthen cooperation between the Thai and Vietnamese ministries of industry.

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