Hanoi commits to creating stable environment for Thai businesses

Jun 3rd at 16:13
03-06-2020 16:13:01+07:00

Hanoi commits to creating stable environment for Thai businesses

A Hanoi leader has pledged to create a stable environment for Thai businesses to engage in long-term investment and business operations in the city, calling for more firms from the neighbouring country to invest in Hanoi.

Hanoi commits to creating stable environment for Thai businesses
Secretary of Hanoi Party’s Committee Vuong Dinh Hue (R) receives Thai Ambassador to Vietnam Tanee Sangrat on June 2 (Photo: VNA)

Secretary of Hanoi Party’s Committee Vuong Dinh Hue made the commitment during a reception for the Thai Ambassador to Vietnam Tanee Sangrat on June 2.

Hue informed his guest that Vietnam in general and Hanoi in particular has basically put the COVID-19 epidemic under control while maintaining a positive growth rate at 3.72 percent along with political security and social order and safety.

He stressed that Hanoi is implementing concerted measures to restore the economy, including organising a major investment promotion conference on June 27. The official invited the Thai Ambassador and Thai businesses to attend the event, which demonstrates Hanoi’s resolve in attracting investment.

Appreciating the success of Vietnam and Hanoi in particular in containing the COVID-19, Ambassador Tanee Sangrat said this year is a right time for the two countries to discuss mechanisms to promote and facilitate bilateral trade and investment. He suggested holding a joint workshop to look into trade and investment issues.

The ambassador invited Hanoi to attend several annual exchange programmes held by Thailand in the time ahead, adding that the two sides should coordinate to organize cultural exchange events in Hanoi on the occasion of the 45th anniversary of the two countries’ diplomatic relations in 2021.

The Hanoi leader affirmed his support of such joint events, and expressed his wish that flights between Vietnam and Thailand, and between Hanoi and Bangkok will be resumed early on the condition of ensuring safety for both sides.

The Thai Ambassador said Thailand also shares this wish and is considering ways to realize it.

The two sides agreed that the existing cooperation agreement between Hanoi and Bangkok has not matched their potential, and proposed that the two cities consider elevating their ties towards a twinning relationship.

VIR





RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Vietnam accelerates normalization of economic and social activities

Following 48 straight day period without new cases of Covid-19 infection, the majority of social activities have returned to normal, said Prime Minister Nguyen Xuan...

Dual lightning strikes to turn Vietnam’s e-commerce equilibrium upside down

The e-commerce market is looking at two high-calibre developments with the merger of Tiki and Sendo and the entry of heavyweight competitor Facebook. While  the...

PPP draft details key sector focus

Investors will be allowed to pour money into five groups of projects under the form of public-private partnerships in Vietnam as per a related law that offers an...

Vietnam seeks Japan’s US$500-million loan to address Covid-19 impacts

Japan has been a major donor of official development assistance (ODA) to Vietnam, estimated at US$24 billion, or 26.4% of total borrowings of the Vietnamese...

CIEM finds bottlenecks in easing after COVID-19 pandemic

The Central Institute for Economic Management (CIEM) identified the slow reform of investment procedures as a bottleneck of the local economy amid the easing of...

Facebook enters e-commerce due to COVID-19-induced plunge in revenue?

Lower advertising revenue during the COVID-19 could be the main reason behind Facebook encroaching on the e-commerce sector.

Post-pandemic focus for new investments

A series of favourable policies are expected to be issued by the government’s upcoming taskforce in the country’s bid to attract a new investment wave after the...

Viet Nam’s retail sales down in five months

Total revenue of retail trade and services reached more than VND1.91 quadrillion (US$82.36 billion) in the first five months of this year, down 4 per cent...

Vietnam trade surplus narrows to US$1.9 billion in Jan-May

Vietnam's trade turnover is likely to have reached US$196.84 billion in the first five months, down 2.8% year-on-year.

PM targets powerful, prosperous status for southern key economic region by 2035

Prime Minister Nguyen Xuan Phuc on May 30 requested the southern key economic region to strive to become a powerful and prosperous region by 2035, ten years ahead...


MOST READ


Back To Top