Thai businesses keen on investing in Vietnam
Mar 1, 2013
(VOV) -The Thai business community has shown special interest in the stand set up by the Vietnamese Trade Office at an exhibition showcasing investment opportunities being held as part of the ASEAN Business Forum in Bangkok, Thailand.
Thailand is currently Vietnam’s third largest investor among ASEAN member countries, mainly due to the developing nation’s abundant natural and human resources.
The trade ties between the two countries have developed rapidly over the years with bilateral trade revenue jumping from US$3.6 billion in 2006 to US$9.5 billion in 2012.
Thailand has poured US$6.7 billion in direct investment into Vietnam, generating 12,000 jobs for domestic labourers.
Its large conglomerates, like Bangkok Bank, Charoen Pokphan and Siam Cement Group, have all decided to expand their investments into Vietnam.