Business

Thailand to further investment in Vietnam

A workshop to promote cooperation in investment and trade between Vietnamese and Thai enterprises was held in Ho Chi Minh City on June 30.
A workshop to promote cooperation in investment and trade betweenVietnamese and Thai enterprises was held in Ho Chi Minh City on June 30.

The event was jointly organised by the VietnamChamber of Commerce and Industry in Ho Chi Minh City (VCCI-HCM) and theDepartment of Industrial Promotion under the Thai Ministry of Industry.

Participating in the workshop were enterprisesoperating in plastics, equipment and spare parts, automobile andmotorbike, hotel, home decoration, foods and consumer goods.

Thailand-Vietnam trade ties have been developing sustainably withtwo-way trade last year reaching around 7.5 billion USD.

According to Thai enterprises, Vietnam has enormous economicpotential, thus they plan to continue to invest in the country in thecoming time.

At present, there are 250 investmentprojects of Thailand worth 5.8 billion USD in Vietnam. Many big groupsof Thailand are promoting and expanding their business in Vietnam suchas Tipco, Amata, Siam Cement. Thai goods are also popular in thecountry./.

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