MOIT VIETNAM | Thailand-Vietnam-Laos Business Forum focusing on strengthening trade, investment, and tourism

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Thailand-Vietnam-Laos Business Forum focusing on strengthening trade, investment, and tourism

2nd December 2022 post by MOIT Vietnam

The Governor of Udon Thani, Wanchai Kongkasem, lauded the efforts of Vietnamese people as well as business owners who are of Vietnamese origin in boosting the areas of trade, investment, and tourism.

When asked if Udon Thani would be willing to host events to link Vietnamese corporations and Vietnamese-origin enterprises in Thailand, he stated that the city would be happy to do so because of its central position in connecting nations in the Mekong Subregion, including Vietnam and Laos. This was in response to the question of whether or not Udon Thani would be willing to host events to link Vietnamese corporations and Vietnamese-origin enterprises in Thailand. This was an answer to the topic of whether or not Udon Thani would be prepared to hold events in Thailand to unite Vietnamese firms and businesses with Vietnamese roots. This was expressed in response to the question of whether or not Udon Thani would be able to hold events of this like in the future.

For his part, Vice Chairman of the State Committee for Overseas Vietnamese Affairs and Vietnamese Ambassador to the United States Ngo Huong Nam emphasized the significance that both the Vietnamese Party and State have placed on the Vietnamese diaspora and issues pertaining to the diaspora. Specifically, he emphasized the significance that the Vietnamese Party and State have placed on the Vietnamese diaspora and issues pertaining to the diaspora. Specifically, he stressed the significance that the Vietnamese Party and State have put on the Vietnamese diaspora and problems related to the diaspora. He also emphasized the importance that the Vietnamese diaspora has placed on the Vietnamese Party and State.

He applauded the Thailand-Vietnam Business Association for its successful efforts to foster ties between Vietnamese businesses operating in Thailand and their counterparts in Vietnam and Laos, thereby facilitating the expansion of both economies. These efforts were recognized by the Thailand-Vietnam Business Association. The Thailand-Vietnam Business Association has acknowledged these initiatives for their significance. The Thailand-Vietnam Business Association has communicated their gratitude for the efforts that have been made in this area.

According to Peter Hong, Permanent Vice Chairman and Secretary General of the Business Association of Overseas Vietnamese, the forum provided an excellent opportunity for businesses from all three countries to network with one another and investigate potential collaborations in the areas of international trade, agriculture, high technology, culture, tourism, services, and import-export. The expansion of Vietnamese companies' exports into foreign markets would be facilitated by each of these variables. Hong was given the task of delivering these speeches on behalf of the Business Association of Overseas Vietnamese, which commissioned him to do so.

Phan Chi Thanh, the Vietnamese Ambassador to Thailand, has noted that the event is a great approach for developing linkages between Vietnamese enterprises functioning in Thailand and Laos and their home country counterparts. This was mentioned by Phan Chi Thanh during his speech at the event. These businesses have decided to attend the event in order to demonstrate their commitment to it.

Thailand is presently the ninth biggest foreign investor in Vietnam because to the considerable economic connection that it has formed with Vietnam. It is engaged in around 600 projects throughout the nation, and the total value of those projects is more than 13 billion United States Dollars. The whole value of commerce between the two countries in 2021 was $19.5 billion, but during the first half of 2022, that number plummeted to $10.6 billion, representing a considerable fall when compared to the total value of trade during the previous year. This points to the fact that the value of the business that takes place between the two countries heading in the wrong direction. It is anticipated that the amount of money that is now being traded between the two nations would more than quadruple by the year 2025, which is the year in which the target number of $25 billion will have been attained.

During the event, those who took part in it held a discussion on the ways in which they may potentially collaborate with one another to improve the marketing of investment prospects, commercial trade, and tourism destinations. In the areas of business, high-tech agriculture, culture, tourism, and service, as well as international trade in imports and exports, there were hundreds of agreements struck.