Prime Minister Nguyễn Xuân Phúc and his spouse will pay an official visit to Thailand from August 17-19 at the invitation of Thai Prime Minister Prayut Chan-o-cha.

Prime Minister Nguyễn Xuân Phúc and his spouse will pay an official visit to Thailand from August 17-19 at the invitation of Thai Prime Minister Prayut Chan-o-cha. — VNA/VNS Photo Thống Nhất

This August is the 41st anniversary of the establishment of diplomatic relations between Vietnam and Thailand (August 6, 1976 - 6/8/2017).

In his interview with The World and Vietnam in 2016, Deputy Foreign Minister Vu Hong Nam said, "Vietnam and Thailand have traditionally worked together to solve common problems. I am convinced that the cooperation between the two countries will greatly contribute to the consolidation and cooperation in ASEAN. "

In terms of investment, many Thai businesses have invested in Vietnam with large projects such as the Vung Tau oil project, supermarket chains. By 2016, two-way trade will reach about $ 11 billion a year and could reach $ 20 billion a year by 2020. Thailand is Việt Nam’s fifth largest trade partner and 10th largest investor.

VNF