Thai Businesses Urged to Invest into Vietnam

Thai businesspeople should invest more into production and business services in Vietnam, the Asia’s second highest GDP growth after China, with promising investment opportunities, a leading Thai economic think tank said.

 

The Kasikorn Research Centre (KRC) noted that Vietnam, it will be a pity for Thai investors if they ignore Vietnam’s advantages such as abundant reserves of raw materials and natural resources and low-cost labor and improved investment polices as well as political stability.

 

Thai companies should pour more money into projects in the areas of tourism, construction, food, healthcare and beauty care in Vietnam, KRC added.

 

A recent article by Thailand's The Nation newspaper also said that “There has never been a shortage of Thai businessmen descending on Vietnam to look for investment and trade potential,”

 

To date, investors from Thailand have poured total US$1.6 billion into Vietnam, standing 13th among nearly 80 investors and 3rd in the Association of Southeast Asian Nations (ASEAN) operating in the country just behind Singapore and Malaysia.

 

Two-way trade turnover between Vietnam and Thailand rose to US$3.7 billion in 2006, from US$3.1 billion in 2005, demonstrating a burgeoning economic relationship between the two sides. (New Hanoi)