City of HCM (VNA) – A number of recommendations aimed at boosting trade and investment between Thailand and Ho Chi Minh City were proposed at a forum held in the southern city on July 8.
Vietnam-Thailand relations have seen remarkable progress in multiple fields, from politics and economy to culture and people-to-people exchanges, Vo Van Hoan, vice chairman of the Municipal People’s Committee, told the Forum. of Thailand-HCM trade connection.
Thailand remains Vietnam’s biggest trading partner within ASEAN, he said, adding that Thailand is also Vietnam’s ninth-largest investor with more than 600 projects that have been registered in total. investment over $13 billion.
He pointed out that HCM City is a major partner for Thailand, as trade between the two sides exceeded $2.8 billion in 2021. Thailand currently operates 235 projects worth around $482 million. dollars, ranking 12th among foreign investors in the economic hub of southern Vietnam. Most of the projects invested by Thailand concern mechanics, chemicals, food, building materials, tourism, warehouses and logistics.
Vietnam’s Ambassador to Thailand, Phan Chi Thanh, said there are hundreds of thousands of Vietnamese living in Thailand who act as a catalyst for bilateral relations to develop further.
Vietnamese investors run about 1,000 companies, mostly small and medium-sized ones, in Thailand, Thanh said, noting that they mainly specialize in industry, agriculture, food processing, import-export, distribution of goods, logistics, services, construction, hotels and restaurants. others.
There is still plenty of room for both countries to step up Tradeinvestment and tourism, he stressed, recommending both sides to strengthen direct economic ties between their localities and businesses.
The diplomat suggested the establishment of a distribution network of Vietnamese products in Thailand and a similar network of Thailand in Ho Chi Minh City; and that the two parties should cooperate to launch circuits connecting their destinations.
Ho Van Lam, chairman of the Thailand-Vietnam Business Association, urged the city of Ho Chi Minh City to continue to organize promotion events to allow large groups, companies and Thai people and Vietnamese expatriates to seek partnerships with those of the city. At the same time, the city should regularly provide information on investment incentives and procedures for Thai investors and traders, he added./.