Business

OV businesses in Thailand, Laos foster partnerships with peers at home

The first Thailand-Vietnam-Laos Business Forum took place in Udon Thani province of Thailand on November 28, attracting 300 management officials and Vietnamese businesses from the three countries.
OV businesses in Thailand, Laos foster partnerships with peers at home ảnh 1An overview of the forum (Photo: VNA)
Bangkok (VNA) - The first Thailand-Vietnam-Laos Business Forum took place in Udon Thani province of Thailand on November 28, attracting 300 management officials and Vietnamese businesses from the three countries.

Addressing the event, Udon Thani Governor Wanchai Kongkasem spoke highly of the efforts of Vietnamese and Vietnamese-origin entrepreneurs in Laos and Thailand in the promotion of trade, investment and tourism activities.

He said that Udon Thani, which plays an important role in connecting Mekong Sub-region countries, including Vietnam and Laos, is willing to host activities to connect Vietnamese firms and Vietnamese-origin enterprises in Thailand.

For his part, Ambassador Ngo Huong Nam, Vice Chairman of the State Committee for Overseas Vietnamese Affairs, underlined that the Vietnamese Party and State have paid special attention to the Vietnamese communities abroad and overseas Vietnamese-related affairs.

He hailed the effective operations of the Thailand-Vietnam Business Association in connecting overseas Vietnamese enterprises in Thailand and their peers in Vietnam and Laos, contributing to promoting socio-economic development in the host country and mobilising resources for the growth of the homeland.

Peter Hong, Permanent Vice Chairman and Secretary General of the Business Association of Overseas Vietnamese, said the forum was a chance for enterprises of the three countries to meet and seek partnerships in trade, agriculture, high technology, culture, tourism, services and import-export activities, while helping to step up the export of Vietnamese products.

Vietnamese Ambassador to Thailand Phan Chi Thanh said that the forum was a good opportunity to foster partnerships between Vietnamese enterprises in Thailand and Laos and their peers at home.

Thailand is a big economic partner of Vietnam and the ninth largest foreign investor with more than 600 projects worth more than 13 billion USD. Two-way trade reached 19.5 billion USD in 2021 and 10.6 billion USD in the first six months of 2022. The two countries aim to raise the figure to 25 billion USD in 2025.

At the event, participants discussed the strengths, demands and measures to promote their cooperation in investment, trade and tourism.

They signed dozens of deals in trade, hi-tech agriculture, culture, tourism, service and import-export./.
VNA
#Thailand-Vietnam-Laos Business Forum #Vietnamese-origin entrepreneurs #Mekong Sub-region countries #Vietnam #Vietnam news #Vietnam News Agency
Follow VietnamPlus

Related News

Art exhibition promotes understanding among Mekong nations

Art exhibition promotes understanding among Mekong nations

Fifty oil paintings depicting cultural features and social activities of people living along the Mekong River in Vietnam, Laos, and Thailand are on display at an exhibition which opened in the Lao capital city of Vientiane on August 3.

See more

Many banks in Vietnam promote green credit for sustainable growth. (Photo: VNA)

State bank launches tool to facilitate green finance

As of March 2025, 58 credit institutions in Vietnam had outstanding green loans, a sharp increase from 15 in 2017. The average growth rate of outstanding green loans in the 2017-2024 period reached over 21% per year, higher than the growth rate of outstanding loans for the economy.

Deputy Minister of Industry and Trade Nguyen Hoang Long said Vietnam supports ASEAN's stance in developing comprehensive, flexible, and practical strategic approach to strengthen intra-bloc economic autonomy. (Photo: Ministry of Industry and Trade)

Vietnam backs ASEAN’s strategic approach to economic resilience, partnership

Vietnam vows continued close coordination with ASEAN and partner countries to identify cooperation opportunities in potential areas of mutual interest, including effectively leveraging the ASEAN-China Free Trade Agreement (ACFTA 3.0) and the Regional Comprehensive Economic Partnership (RCEP) to address current challenges and work towards a transparent, stable, and fair international trade environment.

The Sun PhuQuoc Airways (SPA) project is expected to bolster Phu Quoc’s tourism. (Photo: VNA)

Investment plan for Sun PhuQuoc Airways approved

Sun PhuQuoc Airways is scheduled to commence operations in the fourth quarter of 2025, with initial routes linking Phu Quoc to prominent economic and tourism centres in Vietnam and abroad.

A view of the conference. (Photo: VNA)

Banks need to promote data analysis to minimise financial crime

The SBV has also recently issued Decision No. 67/QD-NHNN on a digital transformation project aimed at deploying core utilities for the development of the banking sector, ensuring connection with Project 06. Under the project, the SBV requires financial institutions to use the national database on population, identification and electronic authentication for banking activities, thereby supporting digital transformation and enhancing the effectiveness of crime prevention.

Prime Minister Pham Minh Chinh orders preparation to break ground on the Lao Cai – Hanoi – Hai Phong railway line on December 19. (Photo: VNA_

PM sets December 19 launch date for Lao Cai – Hanoi – Hai Phong railway

To meet the December 19 groundbreaking target for the Lao Cai – Hanoi – Hai Phong line at five designated sites, he tasked the Ministry of Construction with drafting a detailed critical path timeline. Meanwhile, Deputy Prime Minister Tran Hong Ha was assigned to oversee execution and inter-ministerial coordination.

A representative of the Ha Nam People’s Committee presents a souvenir to a visiting delegation from the Department of Industry and Tourism of Nagahama city in Shiga prefecture of Japan. (Photo: VNA)

Ha Nam highly evaluates investment capacity of Japanese businesses

Reaffirming Japan’s role as a strategic investor, a local official noted that Japan is currently the second-largest foreign investor in Ha Nam, with over 100 projects in diverse sectors such as mechanical engineering, automobile and motorcycle production, and electronics.