HN pledges to create optimal conditions for Thai investors

03/06/2020

VGP - Secretary of the Ha Noi Party Committee Vuong Dinh Hue received Thai Ambassador to Viet Nam Tanee Sangrat in Ha Noi on June 2.

Secretary of the Ha Noi Party Committee Vuong Dinh Hue (R) and Thai Ambassador to Viet Nam Tanee Sangrat

At the reception, Ambassador Sangrat said as both countries aim to boost bilateral relations this year, there would be more discussions for greater cooperation in trade and investment.

Sangrat also proposed holding a joint conference between Viet Nam and Thailand to promote economic cooperation.

“Thailand proposes to hold annual exchange programs and look forward to the participation of Ha Noi, as well as cultural programs in Ha Noi to celebrate the 45thanniversary of establishment of bilateral diplomatic relations in 2021,” Sangrat added.

In turn, Secretary of the Ha Noi Party Committee Vuong Dinh Hue said although there is an existing cooperation agreement in place, it has not accurately reflected the current relations between two cities and requires an upgrade to a town-twinning relationship.

Mr. Hue expected the early resumption of flights between Viet Nam – Thailand and Ha Noi – Bangkok, provided that they ensure health safety, a move that Sangrat said Thailand is looking forward to.

According to Hue, Ha Noi is shifting its focus to economic recovery, including the organization of a large-scale investment promotion conference on June 27.

The event would be a demonstration for Ha Noi’s determination in pushing for investment capital, Hue said, and extended an invitation to the Thai ambassador to attend the conference.

Currently, Thailand’s foreign direct investment (FDI) in Ha Noi remains modest at nearly US$300 million. Ha Noi, therefore, plans to attract more investment capital from Thai enterprises, he stated.

The city is committed to creating a favorable investment environment for Thai investors to do long-term businesses, he stressed.

Regarding the request, Mr. Hue said Ha Noi is willing to take part in those activities and support Thailand’s initiatives, along with similar events in Viet Nam.

By Vien Nhu