The Small and Medium Enterprise Development Bank of Thailand (SME Bank) has held a seminar offering tips to investors seeking to set up businesses in Cambodia, Laos, Myanmar and Vietnam.
The SME Bank of Thailand recently held a seminar offering tips to investors seeking to set up businesses in Cambodia, Laos, Myanmar and Vietnam (Photo: nwnt.prd.go.th)
Bangkok (VNA/NNT) - The Small and Medium Enterprise Development Bank ofThailand (SME Bank) has held a seminar offering tips to investors seeking toset up businesses in Cambodia, Laos, Myanmar and Vietnam.
Theseminar brought together trade experts familiar with the group of countries,known as CLMV, to give Thai investors an insight into different aspects of theseSoutheast Asian economies.
SME Bankprovides both knowledge and fund to small and medium enterprises planning to makeinroads into the markets of nearby countries, particularly Cambodia andVietnam. The two countries are in the international spotlight thanks to theirfast-growing economies.
Experts commented that Phnom Penh is an attractive market formanufacturers of consumption products as daily wages are still lower than othercountries.
Thaiinvestments in Cambodia rank fourth after China, Malaysia and Singapore.-VNA
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Cambodia, Laos, Myanmar, Vietnam and Thailand should build a joint master plan for connectivity and key infrastructure to raise the region’s competitiveness, said Thai Deputy PM Somkid Jatuspritak.
Thailand is building a master plan to enhance trade and investment ties with Cambodia, Laos, Myanmar and Vietnam (CLMV) to ensure all five countries continue to prosper amid strong global competition.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
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The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
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The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
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In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The SME Bank of Thailand recently held a seminar offering tips to investors seeking to set up businesses in Cambodia, Laos, Myanmar and Vietnam (Photo: nwnt.prd.go.th) 
