Thailand invested 64.75 billion THB (1.9 billion USD) into other ASEAN nations, accounting for 27 percent of the total of 242.9 billion THB channelled overseas from January to September this year.
Twenty years after joining the Association of Southeast Asian
Nations, Vietnam has become an attractive destination for investors from
the region, the Vietnam Investment Review reported, adding that ASEAN
investments have greatly contributed to fueling the country’s economic
development.
The recent increase in investment flows from Thai enterprises has shown
that Vietnam is vital for Thailand's economy, especially after the ASEAN
Economic Community comes into effect in 2015.
The People's Committee of southern Ba Ria-Vung Tau province has handed
over 400ha of land to the Long Son petrochemical complex project, which
has an investment of 4.5 billion USD.
Despite unpredictable ups and downs in both the number and scale of
deals over the past five years, the Merger and Acquisition (M&A)
market in Vietnam was rated as the eighth busiest market in
Asia-Pacific.
A joint venture worth 4.5 billion USD to construct the Long Son
petrochemical complex has been signed by Petrol Vietnam Group, the
Vietnam Chemical Corporation and foreign partners the Siam Cement Group (
Thailand ) and the Qatar Petroleum International Group ( Qatar ).
The Thai Siam Cement Group (SCG) on November 3 announced a strategy to
expand construction materials market in Vietnam and other Southeast
Asian countries.
Increasing investment in Vietnam is
part of the Thai Siam Cement Group (SCG)’s strategy to expand its
business activities, said Chaovalit Ekabut, President of SCG Paper, a
subsidiary of SCG.
Siam Cement Group (SCG), Thailand's largest industrial conglomerate, has decided
to proceed with its petrochemical project in Viet Nam, with oil firm Qatar
Petroleum International as a new partner, local newspaper reported on November
26.
World
