Thai investors keen on future business opportunities in Vietnam

Investment opportunities were at centre stage of a press conference held in Bangkok, on January 26 as part of a series of events marking the 45th anniversary of diplomatic relations between Thailand and Vietnam.
Representatives from the Vietnam Embassy in Thailand, the Thailand-Vietnam Business Council, and Amata Vietnam Company at the event
Representatives from the Vietnam Embassy in Thailand, the Thailand-Vietnam Business Council, and Amata Vietnam Company at the event

The function was jointly held by the Vietnam Embassy in Thailand, the Thailand-Vietnam Business Council, and Amata Vietnam Company Ltd.

During the occasion, Vietnamese Ambassador to Thailand Phan Chi Thanh briefed participants on the country’s recent economic achievements and the ongoing 13th National Party Congress, which is expected to adopt important documents aimed at transforming Vietnam into a modern industrialised country with high middle income by 2030, along with becoming a developed country by 2045.

Ambassador Thanh emphasised the need to attract a large amount of foreign investment, between US$200 and US$300 billion during the 2021 to 2030 period, in order to fulfill the target.

At present, Thai businesses rank ninth out of 139 countries and territories investing in Vietnam, with firms from the neighbouring country anticipated to seize opportunities to expand their investment activities moving forward.

Furthermore, the Vietnamese diplomat described the nation as a successful and safe destination for foreign investors, with impressive positive growth of 2.91% achieved last year despite disruption to global supply chains caused by the novel coronavirus (COVID-19) pandemic.

Most notably, the country became one of the fastest growing economies globally throughout the 2016 to 2020 period with an average growth of 5.9%.

Thai businesses have so far poured US$12.84 billion into 600 projects in Vietnam, including in fields such as infrastructure, industrial parks, high technology, energy, agriculture, environment, electronics, real estate, and agriculture, serving to turn Thailand into a major investor in the nation.

Ambassador Thanh affirmed Vietnamese determination to continue to making strategic breakthroughs in an effort to accelerate the extensive international integration process whilst improving the local business environment.

Former Thai Ambassador to Vietnam Tanee Sangrat, who is also Director General of the Department of Information and Spokesman of the Foreign Ministry of Thailand, responded by declaring Vietnam to be one of Thailand's most important foreign investment markets. Indeed, Thai businesses have been hugely satisfied with their operations in Vietnam , with several Thai brands subsequently becoming popular within the Vietnamese market.

Sangrat notes his great appreciation for Vietnamese efforts to improve competitiveness in comparison with other countries, with the Provincial Competitiveness Index (PCI) significantly increasing over recent years.

Sanan Angubolkul, chairman of the Thai-Vietnam Business Council, attributed the keen interest in investment opportunities in Vietnam shown by Thai businesses to political stability, successful containment efforts of COVID-19 outbreaks, an abundant workforce, investment incentives, high purchasing power, and an open investment environment.

As part of the occasion, Angubolkul cabled a congratulatory message to the 13th National Party Congress, outlining his belief that mutual relations will reap greater benefits that can ultimately make significant contributions to the development of both countries.

Source: VOV
vov.vn

Related News

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

VCN - Data from the General Department of Vietnam Customs indicates a softening of both exports and imports in January 2025, relative to the same month in 2024.
Vietnam, Korea Customs sign AEO MRA

Vietnam, Korea Customs sign AEO MRA

VCN- The Director General of the General Department of Vietnam Customs (GDVC), Mr Nguyen Van Tho, and the Commissioner of Korea Customs Service (KCS), Mr Ko Kwang Hyo, signed the Authorized Economic Operator Mutual Recognition Agreement (AEO MRA) on the afternoon of December 24, at the GDVC’s headquarters.
Prioritizing semiconductor workforce training

Prioritizing semiconductor workforce training

VCN - Vietnam is well-positioned to participate deeply in the global semiconductor industry. Experts believe that developing a skilled workforce in microchips and semiconductors should be a long-term priority to effectively capitalize on this opportunity.
Vietnam-Cambodia: Looking back on journey of cooperation

Vietnam-Cambodia: Looking back on journey of cooperation

VCN – The bilateral meeting between the General Department of Vietnam Customs (GDVC) and the General Department of Customs and Excise of Cambodia (GDCEC) was held by the GDVC on December 9.
Comment

Latest News

Embracing green exports: a pathway to enter global supply chains

Embracing green exports: a pathway to enter global supply chains

This shift presents both a challenge and an opportunity for Vietnamese businesses to innovate and enhance their competitive edge in the international arena.
New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

The ministry proposes to issue a decree on the establishment, management and use of the Investment Support Fund to stabilise the investment environment, encourage and attract strategic investors and multinational corporations.
Việt Nam’s durian exports to China plummet by 80%

Việt Nam’s durian exports to China plummet by 80%

This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
Coconut exports reach 14-year high

Coconut exports reach 14-year high

In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.

More News

Shrimp exports grow in the first month of 2025

Shrimp exports grow in the first month of 2025

According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.
Rice export prices drop, but decline expected to be short-term

Rice export prices drop, but decline expected to be short-term

Việt Nam’s rice export prices have declined, reaching their lowest level in three years.
Key agro products expected to maintain export growth this year

Key agro products expected to maintain export growth this year

At present, agricultural exports, such as rice, coffee and seafood, have steadily secured a stable place in major global markets.
EU issues 12 warnings against Việt Nam’s food and agricultural exports

EU issues 12 warnings against Việt Nam’s food and agricultural exports

The Việt Nam SPS Office has reported that some Vietnamese export products failed to meet the EU’s stringent standards.
Việt Nam to impose VAT on low-value express-imported goods

Việt Nam to impose VAT on low-value express-imported goods

Việt Nam will end a previous policy that exempted imported goods valued under VNĐ1 million (US$39.4) from taxes when shipped via express delivery.
Exchange rate risks need attention in near future

Exchange rate risks need attention in near future

VCN - Exchange rate developments in 2025 are considered to be quite complicated due to US policies related to trade and investment.
Import and export turnover reaches about US$29 billion in the second half of January 2025

Import and export turnover reaches about US$29 billion in the second half of January 2025

VCN - Vietnam's total import and export turnover in the second half of January 2025 (January 16-31, 2025) reached US$28.9 billion, the latest preliminary statistics of the General Department of Vietnam Customs reported.
Market edges up slightly as liquidity remains low

Market edges up slightly as liquidity remains low

Market breadth remained positive, with 161 gainers outnumbering 144 decliners.
Business regulations must be trimmed for development of enterprises: Experts

Business regulations must be trimmed for development of enterprises: Experts

The General Statistics Office (GSO)'s socio-economic report for January 2025 reveals that while over 33,400 newly established or resumed businesses entered the market - marking a 15% increase compared to January 2024 - more than 58,300 businesses withdrew from the market, representing a growth of 8.1% on year.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Embracing green exports: a pathway to enter global supply chains

Embracing green exports: a pathway to enter global supply chains

This shift presents both a challenge and an opportunity for Vietnamese businesses to innovate and enhance their competitive edge in the international arena.
New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

The ministry proposes to issue a decree on the establishment, management and use of the Investment Support Fund to stabilise the investment environment, encourage and attract strategic investors and multinational corporations.
Việt Nam’s durian exports to China plummet by 80%

Việt Nam’s durian exports to China plummet by 80%

This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
Coconut exports reach 14-year high

Coconut exports reach 14-year high

In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.
Shrimp exports grow in the first month of 2025

Shrimp exports grow in the first month of 2025

According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.
Mobile Version