Thailand continues to promote investment in Vietnamese market
VOV.VN - A group consisting of major Thai enterprises is set to visit the country in a bid to seek investment opportunities moving forward, said Kongkiat Opaswongkarn, chief executive officer of Asia Plus Group Holdings PCL during a recent meeting with the Thai business delegation.
As part of his speech at the meeting, Vietnamese Ambassador to Thailand Phan Chi Thanh reviewed recent Vietnamese economic achievements, affirming that the country has successfully controlled the COVID-19 pandemic and is in the process of focusing on economic recovery.
The nation’s economic outlook remains very positive according to international financial institutions, despite enduring the impact of the COVID-19 pandemic and ongoing global crises.
Ambassador Thanh said that foreign direct investment (FDI) plays an important role in Vietnamese economic development, with this being emphasised in the Socio-Economic Development Strategy for the 2021 to 2030 period. In this plan, the country has set the goal of becoming a developing state with modern industry by 2030 and a developed, high-income nation by 2045.
The country is therefore targeting sustainable development, with a specific focus on encouraging high-tech, environmentally-friendly FDI sources across multiple fields such as infrastructure, renewable energy, high-tech agriculture, and electronics.
Foreign investors in the nation can enjoy many incentives and favourable conditions through open mechanisms and policies as the nation has joined several free trade agreements (FTAs). This includes new generation FTAs such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU - Vietnam Free Trade Agreement (EVFTA), and the Regional Comprehensive Economic Partnership (RCEP), thereby facilitating connectivity with regional and global markets.
Ambassador Thanh said that this can be viewed as the right time for Thai businesses to accelerate their investment and business activities in the Vietnamese market after a two-year hiatus caused by the COVID-19 pandemic.
The Ambassador suggested that firms actively explore the investment environment in Vietnam, calling for greater investment in fields that the country has needs in, such as renewable energy, high-tech agriculture, industrial infrastructure, and the environment.
In response, Opaswongkarn highlighted Vietnam as a bright spot in FDI attraction, especially high-quality FDI sources.
He also presented a plan to organise a delegation of major Thai enterprises to Ho Chi Minh City as part of efforts to enhance investment connectivity in August.
The delegation is anticipated to include roughly 40 entrepreneurs from Thai businesses operating in the fields of energy, technology, agriculture, and infrastructure.