A garment factory in Binh Duong province (Source: VNA)Bangkok (VNA) – A workshop was held in Thailand’s capital Bangkok on March 21 to callfor Thai investment in Vietnam, particularly the southern province of BinhDuong.
The event, themed“Vietnam – business destination in ASEAN” was hosted by Becamex IDC Corporationand the Federation of Thai Industries (FTI).
The eventpresented opportunities for Thai enterprises to explore the economic potentialand investment procedures of Vietnam and Binh Duong province, as well as meetwith potential Vietnamese partners.
Addressing theevent, FTI Vice President Kriengthai Thiennukul, described Vietnam as one ofthe most dynamic economies in the region with a population of nearly 100 millionpeople and increasing purchasing power.
He highlighted thestable politics, abundant workforce and investment incentives, adding that Thaienterprises should take the opportunity to connect with Vietnamese firms.
According to BuiMinh Tri, Head of the Binh Duong Industrial Park Management Board, the park ishome to 18 Thailand-invested projects, worth 600 million USD, including biggroups like SCG, CP, TCC and SriThai.
The province aimsto improve its investment environment to help foreign investors operate moreeffectively in the locality, Tri pledged.
After 20 years sinceit was re-established, Binh Duong has become a top destination for foreigninvestors. It ranks second to Ho Chi Minh City in terms of luring foreigndirect investment (FDI), reaching 28.7 billion USD in 3,602 projects from 63nations and territories.
Besides strongdevelopment in industry, Binh Duong is working with the IntelligentCommunity Forum to build a smart city.
Thailand hasbecome one of the leading economic partners of Vietnam in ASEAN. The twonations are aiming for two-way trade value of 20 billion USD by 2020.
Currently, it isthe 10th biggest investor in Vietnam, with 480 projects, worth 8.5billion USD.-VNA
VNA
