Thai investors look to explore opportunities in Vietnam
A group of large enterprises of Thailand is to make a visit to Vietnam to seek investment opportunities, Kongkiat Opaswongkarn, General Director of Thailand’s Asia Plus Group Holdings PCL said at an event on July 26.
Bangkok (VNA) – A group of large enterprises ofThailand is to make a visit to Vietnam to seek investment opportunities, KongkiatOpaswongkarn, General Director of Thailand’s Asia Plus Group Holdings PCL saidat an event on July 26.
Kongkiat said that the business delegation plans to arrive in Ho ChiMinh City in early August. It gathers about 40 entrepreneurs representing businessesin the field of energy, technology, agriculture and infrastructure.
He held that that Vietnam is a bright spot in foreign directinvestment (FDI) attraction, especially for high-quality FDI sources.
Addressing the event, Vietnamese Ambassador to Thailand PhanChi Thanh said Vietnam's economic outlook is very positive according tointernational financial institutions, despite the impact of COVID-19 andongoing global crises.
The Ambassador affirmed that FDI plays an important role in Vietnam’s economic development, which has beenunderlined in the country’s socio-economic development strategy in the2021-2030 period.
He stressed that as Vietnam prioritise sustainable development, the countryencourages environmentally-friendly FDI sources with high technology in manyareas such as infrastructure, renewable energy, hi-tech agriculture, andelectronics.
Foreign investors in Vietnam will enjoy numerous incentivesand favourable conditions through open mechanisms and policies, he said,adding that Vietnam has joined many free trade agreements, includingnew-generation deals such as the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP), EU-Vietnam Free Trade Agreement (EVFTA), andRegional Comprehensive Economic Partnership (RCEP), which facilitates the country's connectivity with regional and global markets.
The diplomat held that this is a good time for Thai firms toimplement investment and business activities in the Vietnamese market after twoyears of COVID-19. He suggested that Thai businesses should invest in areas ofVietnam’s demand such as renewable energy, hi-tech agriculture, industrialinfrastructure, and environment./.
WHA Utilities and Power (WHAUP), which provides utilities under WHA Corp, Thailand's biggest industrial land developer and operator, is planning to acquire three solar farms under its new asset acquisition plan in Vietnam.
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.
Prime Minister Pham Minh Chinh has asked Thailand’s Siam Cement Group (SCG) and Amata Vietnam to apply latest technologies in the 5-billion-USD oil refining and petrochemical project in Vietnam.
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Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
An overview of the event (Photo: VNA) 
