Viet Nam-Thailand cooperation in the spotlight
The level of friendship and cooperation between Viet Nam and Thailand has developed well since both countries established bilateral diplomatic ties in 1976.
The Vietnamese Government and people have always attached a great deal of importance to developing a sound relationship with Thailand, both on the bilateral basis and at the regional level, for the benefit of both nations as well as for peace, stability, cooperation and development in the region and the world at large.
In 2011, the two countries celebrated the 35 th anniversary of their bilateral diplomatic ties by holding a wide range of significant events.
Both countries have regularly exchanged visits and held meetings at every level. Many cooperation mechanisms, such as the joint committee on trade cooperation, the joint cabinet meeting and the ongoing political consultation between both Foreign Ministries, have worked extremely well.
In addition, the two counties always support each other in regional and sub-regional cooperation frameworks, as well as at global forums.
Economic, trade and investment cooperation between Viet Nam and Thailand has developed rapidly, with two-way trade reaching nearly 8.1 billion USD in 2011 and 6.2 billion USD in the first nine months of this year. Viet Nam is now Thailand ’s ninth biggest importer and its 17 th largest export partner.
By September this year, Thailand had 292 operational FDI projects in Viet Nam with a total registered investment capital of 6 billion USD, ranking 10 th amongst the 96 countries and territories investing in the country.
Viet Nam is currently operating seven projects in Thailand, capitalised with 12 million USD, ranking 27th out of 55 investors.
Bilateral cooperation in the education and training sector has also seen encouraging results, especially in the awarding of scholarships and in Vietnamese and Thai language training./.
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