Thai giants continue to bet on the Vietnamese market to avail opportunities from the two country’s strengthened bilateral ties.
Thailand’s registered investment capital into Vietnam has so far reached more than $13 billion. Piyapong Jriyasetapong, chairman of the new Thai Chamber of Commerce and Industry in Vietnam, debuted last week in Hanoi, talked with VIR’s Thanh Tung about Thai investors’ interest in the Vietnamese market.
Thai investors are banking on the promising future of the Vietnamese market, with several large conglomerates further increasing their foothold in the country.
Vietnam is still a destination for foreign investment, including Thailand because it is a large and growing market, Tanee Sangrat, Director General of the Department of Information and Spokesman of the Foreign Ministry of Thailand, has said.
The year 2020 marked a rough year for the global finance and equity markets as the COVID-19 pandemic scaled down the global economy and discouraged investors to execute their M&A deals as planned.
There has been a rise in interest among Thai businesses and financiers for outbound renewable energy investment in Vietnam over the past few years. Vit Vatanayothin, partner at Baker McKenzie’s Bangkok office, talked with VIR’s Thanh Van about the Thai perspective on this type of investment in the S-shaped country.
BG Container Glass (BGC), Thailand's largest glass container packaging manufacturer by capacity, is negotiating with investors in Vietnam to buy solar farms to widen its foothold in the promising renewable sector.
As the ninth-biggest investing partner of this country, Thai enterprises are wishing to expand operations further in the Vietnamese market. Sanan Angubolkul, chairman of the Thailand-Vietnam Business Council, sat with VIR’s Phuong Hao to share his assessments, and discuss possible plans of Thai investors in Vietnam.
A delegation of Ho Chi Minh City led by Standing Deputy Secretary of the municipal Party Committee Tran Luu Quang have paid visits to Thailand and Malaysia to learn experience in development of smart cities and prevention of flooding and traffic jams.
In addition to the retail, beer manufacturing, and plastic sector, Thai investors have increased their investment in the renewable energy sector, with the aim to diversify their operations in Vietnam.
On the morning of March 16, the Danang Investment Promotion Agency (IPA) organised the “Thailand-Danang Business and Investment Opportunities” seminar on the occasion of a Thai delegation’s visit.
In the near future, Thai investors are likely to remain enthusiastic buyers of Vietnam’s equitised state firms and private companies in various sectors.
Deputy PM Trinh Dinh Dung highlighted the Vietnamese government’s viewpoint to create favorable conditions for foreign investors, including those from Thailand, to expand cooperation and investment in the country, at a reception for President of Thailand’s Amata Group Vikrom Kromadit in Ha Noi on November 3.
Vietnam is becoming an attractive investment destination for Thai firms as it embraces a more friendly business climate with increasing participation in trade blocs.
Thai investors are increasingly investing in Viet Nam's plastic industry, with many of them keen to fully acquire the Government's stakes in companies it plans to equitise.