Meeting in Binh Dinh enhances cooperation with Thai businesses

The Thai Business Meeting in Binh Dinh 2024 was held in the central province on November 22, offering opportunities for Thai businesses to gain a deeper insight into the local investment environment.

At the MoU signing ceremony (Photo: VNA)
At the MoU signing ceremony (Photo: VNA)

Binh Dinh (VNA) – The Thai Business Meeting in Binh Dinh 2024 was held in the central province on November 22, offering opportunities for Thai businesses to gain a deeper insight into the local investment environment.

Speaking at the event, Ho Quoc Dung, Secretary of the provincial Party Committee, emphasised that Thailand has been identified as one of the province's key partners. In recent years, Binh Dinh has successfully organised several investment and trade promotion events in the neighbouring country, resulting in connections, engagements, and memoranda of understanding signed with various Thai localities, businesses, and partners, paving the way for new cooperative prospects in multiple sectors.

According to Dung, the conference serves as a concrete step to strengthen ties between businesses in Binh Dinh and Thailand. It also offers an opportunity to gather feedback from the business and the investor community, helping the province to fine-tune its mechanisms and policies, aiming to speed up investment attraction efforts and align with its socioeconomic development goals.

Thai Consul General in Ho Chi Minh City Wiraka Moodhitaporn noted that Thai-invested projects in Binh Dinh reflect the trade and investment partnership between Thailand and the province. This is in line with the policy of connecting the supply chain and the grassroots economy under the Three Connection Strategy, she added.

Nguyen Trung Khanh, head of the Vietnam National Authority of Tourism under the Ministry of Culture, Sports, and Tourism, highlighted Thailand as Vietnam's third-largest source of inbound tourists in the Association of Southeast Asian Nations (ASEAN) and a nation with extensive tourism development experience. Both Vietnam’s Tourism Marketing Strategy and the Tourism Development Strategy to 2030 prioritise ASEAN as a key traditional market, including Thailand.

Khanh proposed that the provincial People’s Committee implement policies to encourage and support airlines from both countries in establishing direct flights connecting Thailand’s major tourism cities to Binh Dinh. He also called for enhanced promotional activities and cooperation to boost bilateral relations between Binh Dinh and major tourism hubs in Thailand.

Pham Anh Tuan, Chairman of the provincial People’s Committee, affirmed that the province boasts a strategic location, abundant resources, preferential policies, and a transparent investment environment. Combined with cultural similarities, these factors make Binh Dinh an ideal destination for Thai investors.

He also pledged to work alongside businesses and investors, listening to their needs, and creating favourable conditions to ensure the sustainable success of projects in the central province.

A report presented at the conference revealed that Binh Dinh currently hosts 10 projects by Thai investors with a total registered capital exceeding 106 million USD. Additionally, trade between the two countries reached over 5 million USD in the first 10 months of this year.

At the conference, a Memorandum of Understanding (MoU) was signed between the provincial People’s Committee and the Thai Business Association in Vietnam, aiming to facilitate Thai enterprises in exploring investment opportunities in Binh Dinh and vice versa./.

VNA

See more

Lao government officials and representatives of Vietnamese businesses at the seminar (Photo: VNA)

Vietnamese firms eye investment in Laos

He reaffirmed Laos as a key investment destination for Vietnamese and global firms, highlighting opportunities in agriculture, tourism, logistics, and infrastructure.

Vice Chairman of the Bac Giang People's Committee Mai Son (Photo: bacgiang.gov.vn)

Bac Giang speeds up non-state budget investment projects

In the coming period, the northern province of Bac Giang will focus on addressing challenges to non-state budget investment projects and expediting their progress, affirmed Vice Chairman of the provincial People's Committee Mai Son.

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.