Thai firms encouraged to invest in Vietnam Thai entrepreneurs are - TopicsExpress

Thai firms encouraged to invest in Vietnam Thai entrepreneurs are encouraged by their government to invest in Vietnam to expand operations and await the formation of the ASEAN Economic Community (AEC), said Vatchari Vimooktayon, permanent secretary of Thailand’s ministry of commerce. Vimooktayon, leading a delegation of 12 members, met HCMC Vice Chairman Le Manh Ha on Tuesday to discuss how to strengthen trade and investment ties between Thailand and Vietnam. Thailand recognizes strong economic development in Vietnam and the country’s high potentials for further development in the future. Even without support and encouragement from the government, Thai firms would still be interested in Vietnam, said Vimooktayon. She hoped the HCMC government would assist Thai investors in the city as well as in Vietnam. There are two more years until AEC springs to life in 2015. Thailand wants to cooperate with Vietnam to further boost trade and economy to develop together in the AEC era, said Vimooktayon. Vice Chairman Ha appreciated Thailand’s economic development, especially in supporting industries, electronics, mechanical engineering, agriculture and tourism. He said the city would welcome Thai investors and give them favorable conditions for business development in Vietnam. He informed there were currently over 100 Thai-invested projects in HCMC, but Thai investment per project remained small. He expected Thai investment inflows to expand in the coming time. So far, Thai companies have got involved in 313 projects in Vietnam with total registered capital of some US$6.38 billion, ranking ninth among the nations and territories with investment in Vietnam, according to the Foreign Investment Agency under the Ministry of Planning and Investment. In HCMC, there are now 108 Thai-invested projects with total pledged capital of US$155 million, mainly in processing, commerce and construction services, said the municipal Department of Planning and Investment.

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