09:26 | 06/08/2015 Economy
A team of representatives from 60 firms in Thailand met with Ho Chi Minh City counterpart at a conference on August 4 to seek investment opportunities.
The event was co-organised by the Ho Chi Minh City Enterprises Association and the Department of Industrial Promotion under Thailand’s Ministry of Industry.
Deputy Director of the Department Prasoong Ninbamchong said the team included outstanding firms in support, food and beverage, cosmetics, garment-textiles, footwear, handbags and logistics.
They sought to connect with businesses in Ho Chi Minh City as well as in Vietnam generally through trade promotion events and exchanges, he said.
Le Hung Quoc, Chairman of the Ho Chi Minh City Union of Friendship Organisations, said the Thai businesses’ visit reflected active preparations for the formation of the Association of Southeast Asian Nations (ASEAN) Community by the end of this year.
He also urged the city to maintain its positive momentum as a national leading economic hub to fully tap its potential in international integration.
In 2014, the trade value between Vietnam and Thailand reached 10.6 billion USD, up 12.5 percent from the previous year.
The figure continues to grow given that in the first half of this year, the figure has hit around 5.2 billion USD, up 8 percent from the same period last year.
Thailand is the biggest importer of and second largest exporter to Vietnam . The two nations aim to raise their bilateral trade value to 20 billion USD by 2020./.