Thailand-Vietnam Business Forum Opens up Cooperation Opportunities for Start-ups

The Thailand – Vietnam business is held in Bangkok on August 15. Photo: Nhan dan (People) Newspaper

The Thailand – Vietnam business was jointly held by the Thailand - Vietnam Friendship Association (TVFA) and the Vietnam - Thailand Friendship Association (VTFA) on August 15, VietnamPlus reported.

The event formed part of activities to celebrate the 10th anniversary of the strategic partnership between the two countries (2013 – 2023).

Secretary-General of the TVFA Nithi Patarachoke noted that the forum’s theme highlights cooperation and the establishment of relationships for the new generation of entrepreneurs and start-ups.

The forum offers an opportunity for participants to share information, ideas, knowledge, experience, connection opportunities, and technological innovations, thus promoting the sustainable relationship between the two countries,

Sanan Angubolkul, Chairman of the Thai Chamber of Commerce and TVFA President, noted that the association intends to become a mechanism for promoting growth and the relationship between Thailand and Vietnam.

Through this event, the TVFA wants to introduce beneficial connectivity initiatives for both countries, including business, cultural, and people-to-people links, he said.

This year’s forum focuses on promoting connection among young entrepreneurs and start-ups, which are not only the heart and soul of the future economy but also a driving force that will lead the two nations towards innovative and transformative changes, Angubolkul stressed.

This year’s forum focuses on promoting connections among young entrepreneurs and start-ups. Photo: Nhan dan Newspaper

In his remarks, VTFA President Nguyen Van Thanh laid emphasis on the significance of the event, especially for young enterprises with innovative and creative mindsets, and start-ups from both countries, saying it offers a venue for Vietnamese and Thai businesses seek solutions to boost rapid and sustainable development and improve the competitiveness of their products in the context of globalization and international integration.

The forum featured various activities, including meetings, debates, exhibitions, product presentations, brand advertising, business-to-business meetings, and events to connect start-ups.

Nguyen Quynh, CEO of the innovation and creativity networking platform Bambuup, expressed the belief that Thailand, with many similarities to the Vietnamese market, will be the first step for Vietnamese start-ups to explore the market, find customers, and bring Vietnamese start-up solutions to the world.

Vietnam, Thailand aims to elevate bilateral trade turnover to $25 billion in the near future. Photo: VNA

The organizers expected that the event will contribute to strengthening bilateral relations and mutual understanding and opening up larger business opportunities between Thailand and Vietnam.

In 2022, the total import-export turnover between the two countries reached US$21.6 billion, up 15.1% compared to 2021, of which Vietnam's exports amounted to $7.5 billion, up 21.5% year-on-year, while imports from Thailand reached $14.1 billion, up 12% year-on-year, Viet Nam News said.

Both countries aim to elevate bilateral trade turnover to $25 billion in the near future./.

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