Vietnam, Thailand strive to increase two-way trade to $25 bln

Prime Minister Pham Minh Chinh and his Thai counterpart Paetongtarn Shinawatra agreed to soon upgrade Vietnam - Thailand relations to a comprehensive strategic partnership and raise the two-way trade turnover to $25 billion during their phone talks on August 29.

They also agreed to boost the connection between the two economies through the effective implementation of the "Three -Connectivity" Strategy.

PM Chinh highly appreciated Thailand's position as Vietnam's largest trading partner and second largest foreign investor in the Association of Southeast Asian Nations (ASEAN).

Vietnam will continue to create favorable conditions for Thai enterprises to do business effectively in Vietnam, he said.

Thai PM Paetongtarn said she is willing to cooperate with the Vietnamese PM to enhance comprehensive and effective cooperation between the two countries for the benefit of the people of the two countries, for peace and stability in the region.

She said that Vietnam and Thailand are the two economies that have close links and complement each other, hoping that the two countries will cooperate to promote their advantages to become the main economic growth drivers in the region.