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Thursday, March 28, 2024

Recommendations put forward to boost Thailand-HCMC trade, investment | Business

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

The Vietnam-Thailand relations have seen remarkable progress in multiple areas, from politics, economy to culture and people-to-people exchange, Vo Van Hoan, Vice Chairman of the municipal People’s Committee told the Thailand-HCMC Business Connection Forum.

Thailand remains Vietnam’s largest trade partner in ASEAN, he said, adding that Thailand is also Vietnam’s ninth biggest investor with more than 600 projects which have total registered investment of over US$13 billion.

He highlighted HCMC as a major partner of Thailand, given that 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 Vietnamese southern economic hub. Most of Thai-invested projects are in mechanics,…

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