Vietnam-Thailand strengthen comprehensive strategic partnership

The Foreign Ministers of Vietnam and Thailand agreed to promote economic cooperation, especially in green energy and banking, to increase investment and contribute to regional growth.

On October 28, Thai media reported that Thai Foreign Minister Sihasak Phuangketkoew met with Vietnamese Foreign Minister Le Hoai Trung on the sidelines of the 47th Association of Southeast Asian Nations (ASEAN) Summit to discuss measures to promote bilateral relations, in which the two countries reaffirmed their commitment to strengthening the bilateral Comprehensive Strategic Partnership.

According to a VNA reporter in Bangkok, Minister Sihasak said the two sides agreed to accelerate the implementation of the action plan for the Comprehensive Strategic Partnership and ensure that cooperation between the two countries is always future-oriented and in line with ASEAN's common goals.

He said both sides were also exploring opportunities for deeper economic cooperation, especially in the renewable energy sector. Thai investors are increasingly interested in Vietnam’s solar and wind power sectors, where technological advances have significantly reduced costs.

In response, Vietnam has agreed to review its pricing structure to attract more investment from Thailand.

Banking cooperation was another important topic of discussion, with Vietnam expressing its desire to allow Thai banks to operate as full-service financial institutions, a move that Minister Sihasak described as “key” to expanding private sector investment, according to Thai media.

Foreign Minister Le Hoai Trung meets with Thai Foreign Minister Sihasak Phuangketkeow. (Photo: Duong Giang/VNA)

On regional development, Minister Sihasak stressed the importance of leadership from the Mekong sub-region countries—Thailand, Vietnam, Laos and Cambodia—in shaping the region's future.

While acknowledging the role of external partners such as China, Japan, South Korea and India in developing the region, Mr. Sihasak stressed that regional countries must lead the process.

According to Mr. Sihasak, Foreign Minister Le Hoai Trung congratulated Thailand and Cambodia on the recent peace agreement to ease border tensions, saying this would benefit ASEAN.

The Thai foreign minister added that both countries had begun implementing the peace deal, with Cambodia gradually withdrawing heavy weapons from the border.

Once completed, Bangkok will repatriate prisoners of war and make efforts to restore relations with Phnom Penh./.

(TTXVN/Vietnam+)

Source: https://www.vietnamplus.vn/viet-nam-thai-lan-tang-cuong-quan-he-doi-tac-chien-luoc-toan-dien-post1073349.vnp