Thais consider investment in Vietnam
Lower wages, a young, ample workforce, consistent GDP growth and less regulation are all luring foreign businesses to invest.
- Published: 23/05/2011 at 03:40 AM
- Newspaper section: Business
As Vietnam continues to remain a hotbed for foreign investment, Thai companies are now starting to look at their neighbour in a different light, with delegations of business executives flocking to the country.
As wages and other costs rise and Thailand starts to lose some competitiveness in export markets, local businesses see more opportunities abroad.
In order to promote such moves, Bangkok Bank, Thailand's largest commercial bank, arranged in April for 30 Thai businesses to visit Binh Duong province in Vietnam. Participants noted Binh Duong's New City offers substantial opportunities in manufacturing, retail sales and services. Land plots of various sizes in its industrial parks allow businesses more options for their factories, said Soraya Runckel, vice-president of Runckel & Associates.
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About the author
- Writer: Umesh Pandey
- Position: Editor for Asia Focus
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