Thailand injects US$10.5 billion into Vietnam
Thailand, one of Vietnam’s main trade partners, has registered a total of over US$10.5 billion for investment in the country.
Speaking at the opening ceremony for “Thailand Week 2019 in Ben Tre” on July 19, Le Van Khe, director of the Ben Tre Department of Industry and Trade, noted that the bilateral economic, trade and investment relations between Vietnam and Thailand have gradually brought in positive results.
Of the total pledged capital, some US$194.4 million has been assigned to eight projects in the Mekong Delta province of Ben Tre. As of June, investment from Thai firms accounted for 18% of Ben Tre Province’s total foreign investment.
Addressing the event, Thai Consul General in HCMC Apirat Sugondhabhirom pointed out that as of early 2019, Thailand had invested some US$1.7 billion in 77 projects in the Mekong Delta region, with Ben Tre Province in fourth place for investment from Thai firms.
Apart from the investment aspect, where Thailand is one of Vietnam’s largest investors, Vietnam is also Thailand’s second largest trade partner in the ASEAN region, after Malaysia, Khe stated.
“In 2018, bilateral trade value amounted to US$17.5 billion, up 13.4% against the figure seen in 2017,” he said.
Discussing “Thailand Week 2019 in Ben Tre,” Suparporn Sookmark, director of the Thai Trade Center in HCMC, said that the event features 116 booths of 79 firms showcasing a variety of products from multiple fields, such as fashion, healthcare, beauty, food, beverage, household appliances and kitchen equipment.
The event is expected to wrap up on July 21, she noted, adding that this is the first time the event has been organized in the province.