Thailand registered seven new FDI projects in October, along with US$11 million in newly registered capital, according to the latest data for October from the Ministry of Planning and Investment. This compares to September, which saw no new projects but US$14 million in newly registered capital.
Year-to-date figures show a total of 14 new projects and US$141.42 million in newly registered capital. These figures highlight Thailand’s role as an important investor in Vietnam’s economic development, particularly in manufacturing and processing sectors.
Of note, several prominent Thai companies have established a significant presence in Vietnam. CP Group, one of Thailand’s largest conglomerates, is heavily involved in the food and agricultural sectors in Vietnam. The company operates numerous production facilities, providing essential goods and services to both local and international markets.
Thai Beverage, known for its production of alcoholic beverages, also has manufacturing plants in Vietnam, particularly focusing on beer production to meet the growing demand in the Southeast Asian market.
In the retail sector, Central Group operates department stores, supermarkets, and shopping malls across Vietnam, contributing to the growing retail market. Siam Cement Group (SCG), a major player in the construction materials industry, has investments in Vietnam’s building and construction sectors, offering a range of products to support the country’s infrastructure development.
See also: Vietnam FDI Tracker by Sector