Business

Da Nang steps up cooperation with Thailand’s Ubon Ratchathani province

Da Nang commits to creating favourable conditions for Thai enterprises to study and carry out business activities in the central city, Chairman of the municipal People’s Committee Le Trung Chinh said on March 1.
Da Nang steps up cooperation with Thailand’s Ubon Ratchathani province ảnh 1 Chairman of the municipal People’s Committee Le Trung Chinh (R) presents souvenir to Governor Supasit Kocharoenyos (Photo: VNA)
Da Nang (VNA) – Da Nang commits to creatingfavourable conditions for Thai enterprises to study and carry outbusiness activities in the central city, Chairman of the municipal People’sCommittee Le Trung Chinh said on March 1.

Hosting a reception for a delegation from Thailand’s Ubon Ratchathani, led byGovernor Supasit Kocharoenyos, Chinh said that Da Nang, the nucleus for growthof the central key economic region, has set up cooperative ties with 48localities of 22 countries and territories across the globe, includingMukdahan, Nakhon Phanom, Phuket and Chiang Mai of Thailand.

The city is working to promote cooperation with localities that boast similaritiesin culture, society, economy and tourism for future development, he said. The East-West Economic Corridor from Thailand to Da Nang is convenient forbusinesses from Ubon Ratchathani to study the market to bolster connectivityfor economic development in each locality.

Chinh added that Da Nang’s key industrial products include seafood, garment andtextiles, leather shoes, engineering, building materials while high-techindustry, particularly IU, is being branched out into an economic spearhead.

Supasit, for his part, said that the Thai province is striving todevelop a border trade route with neighbouring countries.

The province has established twining ties with Quang Nam and Kon Tum provinces,he said, stressing Da Nang is the most-visited destination in the centralVietnam by Ubon Ratchathani people.

He went on to say many Da Nang students are pursuing study in UbonRatchathani, describing them as a resource that helps connect economy, cultureand tourism between the two localities.

He expressed his hope that Da Nang and Ubon Ratchathani will set up officialties soon, and pledged to serve as a bridge to link local businesses with theVietnamese city.

Over the past time, together with the sound political relations, Da Nang andits Thai partners have enjoyed robust economic-trade cooperation.

Thailand is among the largest importers of Da Nang enterprises. Last year, DaNang shipped 3 million USD worth of products to Thailand while spending 22million USD on Thai goods.

Thai firms funneled nearly 64 million USD into 15 valid projects in Da Nang,most of which are in trade, retail sales, production, garment and textiles,design, construction and IT./.
VNA
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