BANGKOK, 11 March 2012 – The Board of Investment of Thailand (BOI) is planning to take Thai investors to Vietnam with the objective of expanding investment opportunities in Ho Chi Minh City.
Director of the BOI’s Foreign Investment Cooperation Office Wassana Mututanon has announced that the BOI is arranging a visit to Vietnam for Thai business entrepreneurs to explore the possibility of investment in the fields of processed agricultural products, automobiles, garment and textile.
Mrs. Wassana added that the Thai delegation will be meeting with executives from the Ho Chi Minh Chamber of Commerce to discuss the general picture of Vietnam’s economy to establish an initial idea for Thai entrepreneurs who wish to invest in the neighbouring country. Additionally, the Thailand Business Association (TBA) in Vietnam will also hold a seminar on investment opportunities in Vietnam for Thai entrepreneurs. Furthermore, Thai investors will also have a chance to visit an industrial estate which is a Thai-Vietnamese joint venture.
Mrs. Wassana went on to explain that Ho Chi Minh City is Vietnam’s commercial center holding the highest number of foreign investments among Vietnamese cities. In 2010 alone, the city saw 252 investment projects, worth altogether 1.89 billion US dollars. Ho Chi Minh City attracts a large number of investments given that many industrial zones are situated within the town. Moreover, the city has convenient transportation routes to accommodate industries.
The upcoming field trip to Vietnam is part of the BOI’s policy to promote Thai trade and investment in neighbouring countries, such as Cambodia, Laos, Myanmar and, especially, Vietnam, which is both an important trade ally and rival of Thailand.