Several Thai enterprises want to expand market share in Vietnam

More than 200 Thai enterprises have come to Vietnam to study solutions to expand market share here at the Top Thai Brands 2019 exhibition held by the Department of International Trade Promotion in association with the Ministry of Industry and Trade in Ho Chi Minh City.

Of which, firms are mainly in food processing, foodstuffs, garment, textile, household appliances, cosmetics and interior furniture sectors. 

Regarding this matter, several Thai enterprises said that the scale and potential of Vietnamese market is great. In addition, consumption demand of Vietnamese people is similar to that of Thai people so approaching and developing market share will be more easily. 

Since the beginning of this year, two-way trade between Vietnam and Thailand has risen by 13.7 percent compared to the same period last year, exceeding US$3 billion. Last year, import-export turnover between the two countries reached $18 billion.