favourable investment environment, saying they believed in further
development of the bilateral cooperative relationship, despite
challenges.
At a seminar on the Thailand-Vietnam
relationship held in Bangkok, Thailand, on Sept. 21, adviser
Wittaya Supatanakul from Thammasat University’s Centre for Research
and Development of Cambodia, Laos, Myanmar and Vietnam,
highlighted the strengths of Vietnam, which he called a country of
opportunities.
Vietnam has a big market with
more than 87 million consumers, high purchasing power and cheap
production and labour costs, while sharing cultural similarities with
Thailand, said Wittaya, adding that Vietnam enjoys political
stability and an investment encouragement policy and welcomes small and
medium-sized enterprises to do business in the country.
On Vietnam ’s investment environment, Wittaya said Vietnam offers
foreign entrepreneurs and investors the benefits of social security and
public order.
Its government policies welcome
investors and facilitate necessary procedures while its industrial zones
offer one-stop-shop services and openings in various fields, he said.
Nguyen Hong Quang from the Hanoi’s East Asia
Institute presented a report on, “The Vietnam-Siam relationship in the
17 th and 18 th century: a common picture on the two countries’
relationship and Vietnamese people’s way of looking at Siam ”.
At present, Thailand ranks tenth among more than 100 countries and
territories investing in Vietnam with 216 projects totalling more
than 5.7 billion USD. Two-way trade exceeded 6.1 billion USD last year
and the neighbouring countries are striving to raise bilateral trade
value to 10 billion USD.
The seminar was jointly
held by the Ministry of Foreign Affairs’ East Asia Department and
Thammasat University ’s East Asia Research Institute of Thailand./.
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