Thai firms see potential in Vietnam’s market

Hanoi, November 28 (VNA) - Vietnam is a promising market for Thai investors thanks to its favourable business climate, the Thailand Board of Investment (BOI) said. Addressing a workshop on trade and investment in Vietnam in Bangkok on November 27, BOI Vice Secretary General Chokedee Kaewsang called on Thai businesses to seize opportunities to do business with Vietnam as the country is adjusting its trade and investment policies. Vietnam is one of three top countries in foreign investment attraction in the Association of the Southeast Asian Countries (ASEAN) and the BOI has provided information on the market for all Thai businesses that are keen on investing in the country. Le Thanh Hai, Vietnamese trade representative in Thailand, said many Thai firms have operated successfully in Vietnam, hoping that Thai small- and medium-sized enterprises will pour investment in the country in the coming time. The event, held by the Commercial Affairs Office at the Vietnamese Embassy in Thailand in collaboration with the BOI, saw the participation of nearly 200 Thai companies. Two-way trade hit 7.6 billion USD in January-September, a year-on-year increase of 11 percent. As of October, Thailand ran 365 investment projects in Vietnam with the total registered capital of 6.63 billion USD. Meanwhile, Vietnam invested around 9 million USD in eight projects in Thailand.-VNA