Bangkok workshop highlights opportunities for Thai entrepreneurs in Vietnam
Thai officials highlighted numerous opportunities for their country’s entrepreneurs to do business and trade with Vietnam, at a workshop held in Bangkok on September 22.
An automobile assembly factory in Vietnam (Illustrative photo: VNA)
Bangkok (VNA) – Thai officials highlighted numerous opportunities for their country’sentrepreneurs to do business and trade with Vietnam, at a workshop held in Bangkokon September 22.
Thai Minister ofFinance Arkhom Termpittayapaisith said the global economic recovery after theCOVID-19 pandemic has generated new trade chances, especially in a new marketlike Vietnam which boasts much economic potential with a population of nearly100 million and an annual growth expected at about 7%.
Vietnam is the fourth largest importerof Thai products after the US, China and Japan while ranking 10th among the exporters to Thailand. Bilateral trade surged nearly 20% annually to some20 billion USD at present, from 150 million USD in 1992.
The Vietnamese Government has been stronglyfacilitating free trade and foreign direct investment to turn the country intoa promising destination for foreign investors, he said, noting that Thailandnow stands 8th among the foreign investors in Vietnam.
Given this, Thai entrepreneurs should actively expand partnerships withVietnamese firms, in both trade and investment, the minister added.
Rak Vorrakitpokatorn, President of theExport - Import Bank of Thailand (EXIM Thailand), shared the view that thereare multiple opportunities for Thai entrepreneurs in new markets like Vietnam,which has political and economic ties with many countries in the world.
EXIM Thailand has helped with investments worth over 17.3 billion THB (463million USD) into some sectors in Vietnam such as clean energy, petrochemistry,wholesale, and retail.
Thailand has potential for filling in the gap in supply chains in Vietnam andthe world, he said, pledging that his bank is completely ready to cooperatewith the State and private sectors to assist Thai entrepreneurs to confidently startor expand business in global markets.
He suggested that they could begin inVietnam and stretch their reach to other markets to promote sustainabledevelopment in the region and the world at large./.
Vietnamese Ambassador to Thailand Phan Chi Thanh urged Thai companies to continue investing in Vietnam, especially in high-tech and environment-friendly industries such as electric vehicles, at a working session with Thai Minister of Industry Suriya Juangroongruangkit on September 13.
Vietnamese Ambassador to Thailand Phan Chi Thanh paid a courtesy call to Governor of Bangkok Chadchart Sittipunt on September 15 to discuss promoting locality-to-locality cooperation.
Vice Chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan met with visiting Vice President of the Thai Senate Supachai Somcharoen on September 20.
Vietnam always treasures and wants to strengthen cooperation with Thailand, especially in agriculture and rural development, said Vietnamese Foreign Ministry spokeswoman Le Thi Thu Hang.
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On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
An automobile assembly factory in Vietnam (Illustrative photo: VNA) 
