Thailand-Vietnam sign 10 deals for greater coooperation

Breaking News August 17, 2017 20:35

By The Nation

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Thailand and Vietnam on Thursday signed 10 deals for cooperation in trade, investment, science and technology as Vietnamese Prime Minister Nguyen Van Phuc led a delegation to a three-day visit to the Kingdom.



Prime Minister Prayut Chan-o-cha and Phuc witnessed the signing of the memorandum of understanding (MoU) on economics and trade; science and technology; information and telecommunication; banking; and the establishment of sister cities between Thailand’s Trat and Vietnam’s Ca Mau provinces.

Phuc and many of his cabinet members arrived in Bangkok in the afternoon before a plenary meeting with Prayut at Government House. 

Vietnamese and Thai companies also signed a number of business deals. They included an MoU between Viet Nam Oil and Gas Group and the Siam Cement Public Co Ltd; PetroVietnam Ca Mau Fertilizer JSC, PetroVietnam Fertilizer and Chemicals Corporation, Binh Son Refining and Petro Chemicals Co and SCG Chemicals Co Ltd; between SCIC Investment Co Ltd and Kasikorn Bank Public Co Ltd. An MoU on cooperation was also signed on the 700MW Bac Lieu/Ca Mau Wind Power Project between Super Energy Group Co Ltd and Cong Ty Trach Nhiem Huu Han Xay Dung–Thuong Mai-Du Lich Cong Ly.

Leaders of both sides exchanged views on the regional and global situation, according to a press statement issued after the meeting.

They emphasised the importance of effective management of the Mekong River as well as its sustainable use for a balanced approach between economic benefits and environmental preservation while ensuring the well-being of its peoples.

Prayut and Phuc also reaffirmed the need to maintain peace, security and stability as well as safety and freedom of navigation in the South China Sea as well as overflights.

Vietnam is among Asean countries having territorial disputes with China in the sea. The two premiers emphasised the need for all parties to fully implement the Declaration on the Conduct of the Parties in the South China Sea which China and Asean signed in 2002 to enhance mutual trust. They urged conflicting parties to solve their disputes through peaceful means in accordance with international law, including the 1982 United Nations Convention on the Law of the Sea. 

The two prime ministers also reaffirmed their support for the early conclusion of the Asean-China Code of Conduct after the Asean-China ministerial meeting in Manila adopted a framework for the establishment of the code early this month.

 

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