Thai investors remain wary of challenges in Vietnam | Bangkok Post: business

HO CHI MINH CITY : Thai investors that are still deciding whether to invest in Vietnam may be disappointed to hear a lot of other businesses from the region may have beaten them to the punch.

The newly launched Becamex department store is a smaller version of Bangkok’s Central Chidlom. Despite the efforts to lure Thai investors, very few companies have decided to take the plunge.

"There has been some interest from Thai companies to invest in Vietnam but very few have so far materialised," said Soraya Runkel, an executive at Runkel & Associates, which is advising Becamex, an investment body tasked with developing 38,000 rai of land within an hour's drive from Ho Chi Minh City.