The workshop aims to contribute urged investors in Thailand in supporting industries in Vietnam.
Attending investment promotion event has experienced speakers from specialized agencies and organizations in Vietnam and Thailand as the Ministry of Planning and Investment of Vietnam (MPI) and the Institute for Policy Research and industry under the Ministry of Trade of Vietnam, Thailand board of Investment (BOI), the Federation of Thai industries (FTI).
This is also one of the activities to commemorate the 40th anniversary of diplomatic ties between the two countries (1976-2016).
The speakers provide valuable information for potential investors in Thailand and foreign enterprises in Thailand on the potential for investment cooperation and business in Vietnam in the context of Vietnam is on track integration, opened strong with a lot of trade agreements and bilateral investment and multilateral has been signed. At the same time, this is also an opportunity to promote the guidelines and policies to attract investment in Vietnam in the field of supporting industries in Vietnam.
He Chokdee Kaewsang, Deputy Secretary General of Thailand Board of Investment, said Thailand has a history of developing auxiliary industries for over 20 years.
He stressed, supporting industries is the basis for the development of the industry as the country's leading automobile manufacturers, electronics, machinery and is also a prerequisite to improve the competitiveness of industrial manufacturing related products.
He also said that support industry development will help attract foreign investment and the experience of Thailand, the key factor when developing this industry are: the market, skilled human resources, tax policies and support measures by the government.
According to him, in the above factors should give the highest priority to the development of skilled human resources with adequate support from the government.
Commenting on the investment opportunities in supporting industries in Vietnam, he said that Vietnam Kaewsang Chokdee is a huge potential market with advantages in geography, economy and stable growth, the main investment policy is more open, the openness of the economy higher.
In particular, the strong integration of Vietnam into the regional economy and the world through a series of free trade agreements will be large very favorable conditions and investment attractiveness for foreign business especially Thai businesses in the manufacturing industry, including supporting industries.
Last time, the Government of Vietnam has paid attention to direct all levels of industry and business community determined to focus on the development of ancillary industries with preferential policies as well as to detect specific orientation industrial sector is particularly important.
Thailand is a country with ancillary industry is relatively developed, especially in the automotive industry with the contribution of investors not only in Thailand but also of industrialized countries such as Japan developed , the US, Britain, France ... these corporations and businesses have been investing in Thailand will be the investors who actually have the potential and experience of Vietnam.
In recent years, Thailand's business interest and strong investment in many industries and sectors in Vietnam.
According to data from the Ministry of Planning and Investment of Vietnam, on a cumulative to May 6/2016, Thai investors have invested in 466 projects in Vietnam with total capital of approximately 9.44 billion dollars, ranks 10/116 countries and territories having investment projects in Vietnam.
The average capital scale project in Thailand is about 20.26 million, higher than the average rate, a foreign investment projects in Vietnam is about 14 million USD / project. In particular, supporting industrial sector received great attention by Thai investors Lan.
Translated by CPSI office
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