Thai SME delegation seeks city opportunities

28/08/2007 -- 11:49 AM

HCM City (VNA) – A Thai trade delegation of 140 small-and medium-sized enterprises (SMEs) arrived in Ho Chi Minh City lastweek for a fact-finding trip to sound out business opportunities. The delegation visited the Amata Industrial Park in Bien Hoa in the southern province of Dong Nai as part of the Viet Nam Study Tour organised by the Thai Siam Commercial Bank, which has a wide network of branches in Thailand. The businesspeople met with other Thais who are already doing business here to seek out investment opportunities. Speaking at a meeting at the Caravelle Hotel, a Thai consulate representative said investors would find in Viet Nam political stability, low labour costs and favourable natural conditions and good transport facilities. “I can see dramatic changes in Viet Nam after living here for a few years. Our corporate sales figure has risen continously with this year’s number doubling that of 2004-2005 at 18 billion baht and possibly to 20 billion habit by year-end,” said Sooksunt Jiumjaiswanglerg, area president of CP Group. He said labour costs were lower in Viet Nam than in Thailand. Businesses, however, should take into account land-related matters since local laws only authorise a foreign concern to rent and not own land, he said. A Thai Corp representative said consumer goods and small- and medium- sized enterprises were suited to the Vietnamese market, which remains in small scale. “This should match the investment capacity of Thai SMEs,” he added. Tourism and housing are two areas that have untapped potential in Viet Nam, said VinaSiam Joint Venture Bank’s general director Sahasin Yuttarat.-Enditem
Send this page	Print

Garment makers set for raw materials centre (28/08/2007)

State employees to get paid through bank accounts (28/08/2007)

New tourist route to China recalls late President Ho (27/08/2007)

Viet Nam, Laos, Thailand beef up transport cooperation (27/08/2007)

ADB surveys bridges in Dong Thap province (27/08/2007)

Machinery company hits 3 million USD in export (27/08/2007)

UNDP aids transparent business laws (27/08/2007)

Coffee growers target Chicago (27/08/2007)

Swiss agro-industrial giant keen on coffee (27/08/2007)

Trade centre established in Germany (27/08/2007)