Thai firms interested in investing in Binh Duong

Many Thai businesses are interested in the dynamic development of the southern province of Binh Duong over the past years, Minister Counsellor from the Thai Office of the Board of Investment Audsitti Sroithong said at a teleconference held by the People’s Committee of Binh Duong and Becamex IDC on November 23 to call for investment from Thailand.
Thai firms interested in investing in Binh Duong ảnh 1At the event (Photo: Internet)

Binh Duong (VNA) – Many Thai businesses are interested in the dynamic development of the southern province of Binh Duong over the past years, Minister Counsellor from the Thai Office of the Board of Investment Audsitti Sroithong said at a teleconference held by the People’s Committee of Binh Duong and Becamex IDC on November 23 to call for investment from Thailand.

Speaking from Hanoi, the Thai official named many big Thai businesses which have invested in Binh Duong, such as Srithai Vietnam, SCG Vietnam, Kraft Vina, CP Group, Red Bull Vietnam and BJC Vietnam. 

Director of the Department of External Affairs Le Phu Hoa said Thailand currently ranks 13th among 65 foreign investors in Binh Duong with 40 projects worth more than 685 million USD.

Despite the impact of the COVID-19pandemic this year, Binh Duong managed to maintain a GRDP growth of 7percent.

In the first ten months of thisyear, the province's export revenue was estimated at 26.4 billion USD and import value at 21.4 billionUSD. The province drew more than 1.92 billion USD in foreign investment in the period. 

As of October 31, the province was hometo 4,008 projects worth 37 billion USD from 65 countries and territories,ranking second nationwide in terms of FDI attraction behind Ho Chi Minh City.

It also establishedbilateral relationship with 10 foreign cities and provinces and has become apartner of four international cooperation organisations. It is also an officialmember and trustworthy partner of the ICF, the Horasis Asia Meeting and theWorld Trade Centres Association.

Leaders of Binh Duong affirmed support and assistance for the business community, and asked the Federation of Thai Industries, the Thai Business Association, the Thailand – Vietnam Business Association and the Vietnamese Embassy in Thailand to assist the province in expanding ties with Thai investors.

Participating Thai business delegates engaged in open discussion with provincial officials at the event./.

VNA

See more

Inside the ABB factory in Vietnam (Photo: baodautu.vn)

European investment flows gain momentum in Vietnam

European investments are expected to pick up in Vietnam following Prime Minister Pham Minh Chinh’s engagement with Czech and Polish enterprises as part of his trip to Europe to attend the 55th Annual Meeting of the World Economic Forum.

Hideaki Egashira revealed plans to expand Idemitsu's investment in Vietnam. (Photo: tapchicongthuong.vn)

Idemitsu to expand investment in Vietnam

Hideaki Egashira, General Director of Idemitsu Vietnam Co Ltd, a subsidiary of Japanese petroleum company Idemitsu Kosan, has revealed plans to expand the company's investment portfolio in Vietnam.

Illustrative image (Photo: VNA)

Over 56% of Japanese firms looking to expand investment in Vietnam: Survey

According to a recent survey by JETRO on business conditions for Japanese-affiliated companies overseas, the expanding domestic market demand and the increasing profitability rate are major driving forces for Japanese businesses to continue expanding their operations in Vietnam in the coming years.

Vietnam’s rice exports to Singapore surge (Photo: VNA)

Vietnam’s rice exports to Singapore surge

Vietnam’s rice exports to Singapore recorded significant growth in 2024, cementing Vietnam’s position as the third-largest rice supplier of the city state, according to the Vietnam Trade Office in Singapore.

The 21st conference of the 17th Hanoi Party Committee on January 21 (Photo: VNA)

Hanoi sets ambitious growth targets for 2025-2030

Hanoi has set a goal of achieving an annual growth rate of 10.5-11% during the 2025-2030 period, focusing on bolstering traditional economic drivers while implementing innovative solutions to promote new ones.