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At the workshop. Photo: nhandan.com.vn

The event was jointly held by the Embassy of Vietnam in Thailand and the Board of Investment of Thailand (BOI), with representatives from the Thailand-Vietnam Business Council, the Federation of Thai Industries, research institutes and 200 local enterprises in attendance.

Opening the workshop, Vietnamese Ambassador Nguyen Hai Bang highlighted the good relations between Vietnam and Thailand, paving the way for business partnership between the two countries’ companies. Cooperation in trade and investment has also deepened the bilateral strategic partnership, he said.

Thailand is among top 10 largest foreign investors in Vietnam, pouring over USD 8.4 billion into nearly 500 projects mostly in Northern and Southern Vietnam, he noted.

Central Vietnam that has greatly benefited from the government’s policies for foreign investment attraction. Central Vietnam has advantages of transport connectivity and logistics services between the region and Thailand’s Eastern Economic Corridor, the ambassador said.

Delegates presented the latest investment trends and their effects on economic activities in Vietnam and Thailand. The event also included a dialogue session in which authorities from Vietnam and Thailand answered inquiries from businesses from the two sides regarding investment incentives and legal procedures.

BOI Vice Secretary General Chokdee Keawsang revealed that the BOI will open a representative office in Hanoi next year to support Thai investors in Vietnam.

Vietnam-Thailand cooperation in economics, trade and investment have made significant progress since the two nations established diplomatic ties in 1976. At the present, Thailand’s investment in Vietnam mainly focuses on manufacturing and processing (USD 7.14 billion in 212 projects), infrastructure (USD 397 million in seven projects) and agriculture (USD 277 million in 30 projects).

Source: VNA