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Quang Nam lures Vietnamese businesses in Thailand

Quang Nam lures Vietnamese businesses in Thailand
Quang Nam lures Vietnamese businesses in Thailand ảnh 1At the forum (Photo: baoquocte)
Quang Nam (VNA) – The central province ofQuang Nam has briefed overseas Vietnamese entrepreneurs in Thailand on its investment,trade and tourism incentives well as projects calling forinvestments at a forum in Hoi An city on July 5.

Speaking at the event, Chairman of the provincialPeople’s Committee Le Tri Thanh said Quang Nam now counts 195 FDI projects withtotal registered capital of 6 billion USD, mainly focusing on processing-manufacturing,tourism and services.

Of the 30 countries and territories investing in theprovince, Thailand contributes four projects worth some 43.4 million USD in thefields of agriculture and processing-manufacturing, he added, stressing thatthe Thai firms are operating effectively and significantly contributing tolocal development.

Vietnamese Ambassador to Thailand Phan Chi Thanhsaid Thailand is a big economic partner and the ninth largest investor ofVietnam with more than 600 projects valued at over 13 billion USD.

Thailand is also Vietnam’s biggest trade partner inthe Association of Southeast Asian Nations (ASEAN) with two-way trade reaching19.5 billion USD last year, and 5 billion USD in the first quarter of thisyear.

The two countries are striving to raise thebilateral trade revenue to 25 billion USD by 2025, the diplomat went on, notingthat there remains ample room for them to promote the investment, trade andtourism ties.

According to Thanh, overseas Vietnamese in Thailand are running about 1,000enterprises in Thailand, mainly small-and medium-sized ones,covering different areas like industry, agriculture, food processing,export-import, logistics, services and construction.

A number of them have expanded operations inVietnam, but the figure still remains modest, he said.

The ambassador suggested Quang Nam create the bestpossible conditions for Vietnamese businesses worldwide and Thailand inparticular to operate in the locality./.

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