Forum connects enterprises in five Southeast Asian countries
The Thailand-Vietnam-Laos-Cambodia-Myanmar Business Forum 2023 took place from November 17-19 in Thailand’s Udon Thani province, promoting connection among enterprises in the five countries.
Vietnamese lychee at Siam Paragon shopping mall in Bangkok. (Photo: VNA)
Bangkok (VNA) – The Thailand-Vietnam-Laos-Cambodia-Myanmar Business Forum 2023 tookplace from November 17-19 in Thailand’🎀s Udon Thani province🐻, promotingconnection among enterprises in the five countries.
Speaking at theevent, Vietnamese Ambassador to Thailand Phan Chi Thanh said that the forum isa turning point in the development of the successes of investment, trade, and tourismpromotion activities in 2022 that overseas Vietnamese businesses in Thailandconduct in some Vietnamese localities. It is also an appropriate and effectiveconnection channel for businesses to realise future cooperation opportunities.
According toPresident of the Thai-Vietnam Business Association Ho Van Lam, the forumfeatures product exhibitions, trade promotion activities, technology andexperience exchanges which connect and form networks between Vietnamesebusinesses and those in Thailand, Laos, Cambodia, and Myanmar as well asmembers of the Association of Overseas Vietnamese Entrepreneurs in agriculture,tourism, services, high technology, export, and finance.
In addition, theforum also introduce✱s and promotes Vietnam's investment and businessenvironment, promoting the export of Vietnamese goods to countries in theregion, contributing to realising the Government's project on calling onoverseas Vietnamese💛 to join in introducing and consuming Vietnamese products.
Within the frameworkof the forum, businesses signed a cooperation agreement expected tohelp consolidate and improve the effectiveness of economic cooperation betweenthe five countries. According to theState Committee for Overseas Vietnamese, overseas Vietnamese have nearly 400investment projects in Vietnam with a combined registered capital of about 1.72 billionUSD./.
Vietnamese and Canadian businesses have expressed their interest in establishing large supermarket chains in Canada to further promote bilateral trade and maximise the benefits of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Vietnam and Saudi Arabia boast substantial potential to improve the efficiency of their trade and investment cooperation, heard a business forum in Hanoi on September 11.
A business forum on expanding trade cooperation between Indonesia and Vietnam, introducing the 38th Trade Exhibition Indonesia (TEI) 2023, and learning about the Halal market was held in Ho Chi Minh City on October 5.
Minister of Construction Nguyen Thanh Nghi and Algerian Minister of Industry and Pharmaceutical Production Ali Aoun co-chaired the Vietnam-Algeria Business Forum in Hanoi on October 17.
Prime Minister Pham Minh Chinh and his Dutch counterpart Mark Rutte attended the Vietnam-Netherlands High-tech Business Forum and the 2023 Green Economy Forum (GEF) in Hanoi on November 2.
Vietnam on November 8 opened its 400-sq.m national pavilion at the 39th Havana International Fair (FIHAV), the largest annual event of its kind in Cuba and the Caribbean region.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Vietnamese lychee at Siam Paragon shopping mall in Bangkok. (Photo: VNA) 
