The Thailand-HCMC Business Connection Forum takes place at HCMC on July 8th. (Photo: VNA)

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-HCMC business 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 a registered total investment of more than 13. billions of dollars.

He pointed out that HCMC 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, 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 the two countries to step up trade, investment and tourism, he said, recommending the two sides to strengthen direct economic ties between their localities and businesses.

The diplomat suggested setting up a distribution network for Vietnamese products in Thailand and similar from Thailand to HCMC; and that the two parties should cooperate to launch circuits connecting their destinations.

Ho Van Lam, chairman of the Thailand-Vietnam Business Association, urged HCMC to continue to organize promotion events to enable large Thai groups, companies and individuals and Vietnamese expatriates to seek partnerships with those in the city. . At the same time, the city should regularly provide information on investment incentives and procedures for Thai investors and traders, he added.