HA NOI — Trade and investment activities between Viet Nam and Thailand would be further promoted in the new year, said Viet Nam's trade counsellor in Thailand.
Nguyen Thanh Hung said Thai investment and trade activities would continue to grow in Viet Nam, due to the country's political stability and economic development potential.
Thailand approved 14 new projects in the country this year, helping it break into the top ten largest investors in the country, Hung said. Large Thai firms, including TIPCO, Amata and Siam Cement Group, were also promoting investment in Viet Nam.
According to statistics, Thai firms invested a total of US$5.7 billion in Viet Nam during the 1988-2009 period.
Meanwhile, eight Vietnamese enterprises have opened representative offices in Thailand to promote their businesses.
The Hoang Anh Gia Lai Company is Viet Nam's largest investor in Thailand, having built an apartment block in Bangkok. The Thien Long Group and Quang Tri Trade and Investment Company have also opened representative offices in Thailand to export Vietnamese goods to the Thai market.
The Trung Nguyen Group has been looking for Thai wholesalers to stock its products, due to increasing demand in Thai supermarkets.
Trade between the two countries was estimated to reach $7.5 billion this year, an increase of 21 per cent compared to last year, Hung said.
That figure would be likely to increase in the future as more and more export commodities take advantage of a zero per cent import/export tax rate under the ASEAN co-operation framework, he said.Source: vnagency.com.vn
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