Thailand ranks tenth among foreign investors in Vietnam

Thai businesses have invested in 440 projects in Vietnam with a total registered capital of US$7.7 billion, ranking tenth among 112 foreign investors in the country, according to the Foreign Investment Agency (FIA).

The 2006-2008 period saw a strong investment from Thailand. Thai investors poured US$5 billion in Vietnam, making up 21.4% of total investment from ASEAN countries (US$23.3 billion).

The FIA reported that Thai investment focused on the manufacturing and processing industries with 205 projects and a total registered capital of US$7.037 billion. Typical is the US$3.77 billion Southern Oil Refinery Complex.

Recently, Thai businesses began shifting their investment to industrial infrastructure and retail distribution sectors, for instance, a joint venture project between Thailand Amata VNPCL and Sonadezi Bien Hoa and MM Mega market in HCM City.

According to economic experts, in order to facilitate trade activities, the two governments have signed an agreement for the encouragement and protection of investment on February 7, 1992. As a result, Thai investors do not face many difficulties in Vietnam.

The two countries have effectively coordinated at regional and international forums, especially ASEAN forums and showed active roles in building a strong ASEAN Community.

While the Thai government encourages its businesses to invest in Vietnam, the Vietnamese government is considering Thailand an important partner.

The Ministry of Planning and Investment said Vietnam expects Thai businesses to invest in fields they have strong potential such as infrastructure, construction materials, consumption products, food, car and agriculture.

Vietnam has implemented trade promotion programs and supported Thai businesses to lure more investment from Thailand.

Source: VOV

 

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200