Vietnam and Thailand issued a joint statement on the occasion of President Nguyen Xuan Phuc’s visit, agreeing to strengthen ties in all fields such as security and trade.
In the Joint Statement published on November 16 on the occasion of President Nguyen Xuan Phuc’s official visit to Thailand, the two countries agreed to “open a new chapter of a stronger strategic partnership for peace, stability and common prosperity”, in the context that Vietnam – Thailand will celebrate the 10th anniversary of the establishment of a strategic partnership in 2023.
President Nguyen Xuan Phuc and Thai Prime Minister Prayut Chan-ocha expressed their determination to strengthen ties in all fields, including security, trade, investment, sustainable development and people-to-people exchanges.
The two leaders agreed to strengthen substantive cooperation in the fields of security and defense of mutual interests and concerns. The two sides also reaffirmed their commitment not to allow any individual or organization to use the territory of one country to conduct activities against the other.
Regarding trade, the two leaders expressed their satisfaction when bilateral trade grows in an increasingly balanced direction and towards the goal of two-way turnover reaching 25 billion USD by 2025.
Thailand is currently Vietnam’s largest trading partner in ASEAN and Vietnam is Thailand’s second largest trading partner in the region. Trade turnover between the two countries reached 18.8 billion USD last year, up 18% over the same period in 2020. In the first 10 months of 2022, trade turnover reached 17.8 billion USD, up 16.9% over the same period last year. period 2021.
The two leaders assigned relevant agencies to simplify import and export procedures, facilitate cross-border trade and transit goods to third countries. The two sides also agreed to solve investment problems and research new areas of cooperation, especially digital economy and e-commerce.
Leaders of Vietnam and Thailand attach great importance to promoting, facilitating and protecting investment in each country. Thailand is currently Vietnam’s eighth largest foreign investor, with a total value of more than $13 billion by 2021.
The two sides are committed to continuing to promote the enhanced Strategic Partnership through the “Three Connects” strategy, including connecting supply chains, connecting grassroots economic sectors and connecting growth strategies. lasting.
Vietnam and Thailand agreed to promote the sister city framework between localities, in order to promote people-to-people exchanges. Currently, 18 provinces and cities of Vietnam have signed cooperation and twinning agreements with Thai localities.
On regional and international issues, President Nguyen Xuan Phuc and Thai Prime Minister Prayut Chan-ocha emphasized the importance of coordinating positions in cooperation mechanisms in the Mekong Sub-region and other frameworks. other suffering. The two leaders agreed that Vietnam and Thailand will work closely to promote ASEAN’s solidarity, centrality and efforts in addressing emerging issues.
The two sides commit to support the peaceful settlement of disputes, without the threat or use of force, in accordance with international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS), fully implementing Complete the 2002 Declaration on the Conduct of Parties in the East Sea (DOC) and towards the early signing of a Code of Conduct in the East Sea (COC).
State President Nguyen Xuan Phuc and Thai Prime Minister Prayut Chan-ocha witnessed the signing ceremony of the Action Program to implement the Vietnam – Thailand Enhanced Strategic Partnership for the period 2022 – 2027. 4 other documents also signed agreements in the fields of mutual legal assistance, commercial cooperation, banking and establishing sister city relations between Da Nang and Khon Kaen.
President Nguyen Xuan Phuc and his wife today began their official visit to Thailand and attended the 29th Asia-Pacific Economic Cooperation (APEC) Economic Leaders Meeting from 16th. 11/11 to 19/11.
This is the first visit to Thailand by President Nguyen Xuan Phuc in his new position, as well as the first visit of a key Vietnamese leader to Thailand since the 13th National Congress and the Covid-19 pandemic. President Nguyen Xuan Phuc is the first foreign high-ranking leader to pay an official visit to Thailand ahead of the 29th APEC Economic Leaders’ Meeting.
Full text of Vietnam-Thailand Joint Declaration