Vietnam, Thailand step up trade cooperation
Representatives of 300 Thai and Vietnamese entities from the public and private sectors gathered at a forum in Ho Chi Minh City on July 8 seeking ways to enhance trade and investment ties between the two nations.
The event was organized by the Embassy of Thailand in collaboration with the Thai Chamber of Commerce and Industry (CCI).
Thailand businesses have cumulative foreign direct investment (FDI) of US$6.6 billion in Vietnam, ranking tenth among all foreign investors, speakers at the event announced.
According to Nguyen The Hung, deputy general director of the Vietnam Chamber of Commerce and Industry (VCCI), Vietnam has been an attractive destination for Thai businesses thanks to its rapid economic growth and low labour costs.
To increase exports to Thailand, Hung said domestic companies need to enhance their competitiveness through innovation and improve the quality of products.
(VOV)
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