Da Nang, Thailand step up trade and investment ties
The central city of Da Nang considers Thailand a promising market with experienced partners in the fields where it is calling for investment, heard an international seminar on trade – investment – tourism connectivity between Da Nang and Thailand held on December 14.
Vice Chairman of the municipal People’s Committee Tran Phuoc Son said friendly and cooperative relations between Da Nang and Thai partners have been growing fruitly, especially in trade, tourism, education-training and cultural exchange, on the back of the city’s favourable geographical location and modern infrastructure.
According to the Da Nang Investment Promotion Agency, the central city is now home to nearly 20 firms directly engaged in trade and business with Thailand. Two-way trade reached nearly US$45 million a year during 2018-2020.
In ASEAN, Thailand is the second biggest trade partner of the city.Once the COVID-19 pandemic is controlled, Thailand will remain a key tourism market of Da Nang, focusing on MICE, resort and golf tourism.Thai Consul General in Ho Chi Minh City Apirat Sugondhabhirom described the East – West Economic Corridor as a strategic route linking Da Nang with Thailand via Laos.
In the “new normal”, he suggested that Thailand and Vietnam, together with eight ASEAN member states and outside partners, should work closely together to effectively cope with COVID-19 and its impacts, by implementing the bloc’s pandemic response initiatives, as well as restoring supply chains and seeking new opportunities from the fourth industrial revolution.
