Thai Eximbank's intent to open an industrial park in Ben Tre

A business delegation led by the President of the Thai Export and Import Bank (Eximbank) and the Thai Business Association in Ho Chi Minh City have just had a working tour in Ben Tre to look for investment opportunities here.

Working with the provincial People's Committee, the Thai business delegation heard the Investment Promotion Center of Ben Tre (IPC Ben Tre) present the province's preferential policies and projects to call for investment. For their part, Thai businessmen exchanged information about the current trend of Thai business circle to shift investment projects from other countries in the region to Viet Nam, where the competitiveness in investment environment is much higher, especially in labour-intensive industries such as electronics, garment manufacturing, agro- and aquatic processing.

The Eximbank and TBA proposed to the provincial People's Committee to consider approval of their project to build a 100% Thai-invested industrial park in the province. The project would be jointly invested by the Eximbank and several partners. The scale of the IP is planned to cover 400 hectares of land space, and would be located in Chau Thanh District. The Eximbank said, it planned to push forth the project right in this year.

The provincial People's Committee Vice Chairman Nguyen Quoc Bao welcomed the President of the Thai Eximbank and the delegation on their touring the province. Mr Bao also presented several locations in Chau Thanh and Mo Cay districts that may be suitable for the future IP project. For the Eximbank's proposal to lease land in Chau Thanh District, the People's Committee promised to order a surveillance of the land, and information would be sent to the bank later on for studying.

The Eximbank also hoped to play a bridge between Ben Tre and Thai business partners through an investment conference to be held in Bangkok later this year.

Translated by Tuyet Anh