Sanan Angubolkul, Chairman of the Thai Chamber of Commerce, said Vietnam holds several advantages over Thailand, such as a young population structure, political stability, a strong anti-corruption drive, and numerous free trade agreements (FTAs) signed.
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Sanan Angubolkul, Chairman of the Thai Chamber of Commerce, said Vietnam holds several advantages over Thailand, such as a young population structure, political stability, a strong anti-corruption drive, and numerous free trade agreements (FTAs) signed. He also suggested that Thai businesses seize the opportunity of Vietnam’s low production costs, particularly in the food processing sector, adopt appropriate business models and comply with Viet Nam’s laws and policies.
Thong Kulthanwat, President of the Thai-Vietnam Business Association, pointed out that a major challenge currently facing northeastern Thailand (bordering Laos and close to Vietnam) is transport infrastructure. Thai goods shipped to Vietnam incur transit costs through Laos, and there is no direct flight from Vietnam to the region. Therefore, Thong held that to implement the strategy, it is necessary to improve…