Business

Thai businesses increase investment in Vietnam

Giant Thai business group, Charoen Pokphand Group (CP), intends to increase its investment in Vietnam , focusing on agriculture, real estate and retail.
Giant Thai business group, Charoen Pokphand Group (CP), intends toincrease its investment in Vietnam , focusing on agriculture, realestate and retail.

Vice President Sooksunt Jiumjaiswanglerg,who is in charge of CP’s agro –food product business in Vietnam saidin the next five years, CP planned to build four more factories forprocessing animal feed and poultry with a combine capital of between 150million USD and 200 million USD.

The plan is part of CP’s strategy to expand its business activities in Vietnam in the next five years.

Meanwhile,the Siam Cement Plc Group (SCG), Thai leading industrial group, willincrease its investment in both domestic and foreign markets,particularly in Southeast Asia .

SCG is currently constructing a petro-chemical complex in Vietnam .

Ithas announced a plan, worth at least 100 billion baht (3.3 billionUSD), to enlarge its business in ASEAN in five years to come./.
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