Thailand : Thailand, Vietnam to enhance cooperation in textile sector

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Home / Knowledge / News / Textiles / Thailand, Vietnam to enhance cooperation in textile sector

Thailand, Vietnam to enhance cooperation in textile sector

28
Jul '15

Nguyen Tan Dung (left) and Prayut Chan-o-cha/C: NNT

During their recent joint Cabinet meeting in Bangkok, Vietnamese Prime Minister Nguyen Tan Dung and his Thai counterpart Prayut Chan-o-cha agreed to intensify cooperation between the two countries in various sectors, including the textile sector.

At the meeting, Dung urged Thailand to increase its investments in Vietnam, especially in areas of mutual interest including in the textile-garment and footwear sector.

Both nations agreed to increase their bilateral trade to $20 billion by 2020. Thailand is already among the top 10 foreign direct investors in Vietnam. It is also the leading trade partner of Vietnam among the Asean members.

The two sides also agreed to expand people-to-people exchanges through the Vietnam-Thailand and Thailand-Vietnam friendship associations.

Both leaders pledged to continue working closely with other Asean nations to support the formation of the Asean Economic Community later this year.

Speaking separately at the Vietnam-Thailand business forum, Dung said Vietnam highly values Thai funded projects and assured investors that his country would create all favourable conditions for them to establish and develop stable businesses. (RKS)

Fibre2Fashion News Desk – India

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