Thai garment firms seek opportunities in HCM City

(VOV) - Thai trade and investment promotion agencies are actively implementing an array of programmes to connect businesses and support them in seeking business investment opportunities in Vietnam.

These activities are seen as preparations for future opportunities after the establishment of an ASEAN Economic Community (AEC) in 2015, Thai Consul General Malinee Harnboonsong told an exchange between Vietnamese and Thai garment businesses in HCM City on August 27.

Bilateral trade relations have seen strong development in recent years with two-way trade turnover reaching nearly US$9.5 billion last year and nearly US$5 billion in the first half of this year.

Many Thai businesses highly appreciated the Vietnamese market’s potential and long-term cooperative opportunities with Vietnamese partners, she said.

thai garment firms seek opportunities in hcm city hinh 0

Thai businesses, through the exchange, want to introduce prime quality products and services to distributors and agents to enable Vietnamese customers be in favour of Thai products, Malinee said.

A Thaiwahknit Wear Co representative said the company is keen to expand business in Vietnam, particularly in HCM City aiming to seek importers, agents and outlets for knitwear and sports wear production.

According to the Ministry of Industry and Trade, bilateral garment trade turnover reached US$160 million in the first half of this year, including US$20 million from Vietnam’s exports and US$140 million from its imports.

Nguyen Van Tuan from the Vietnam Chamber of Commerce and Industry (VCCI)’s branch in HCM City suggested garment businesses from two countries should find the best ways to bridge the different gap of their export turnover and increase trade exchange for mutual benefits.