Thai businesses increase investment in Vietnam

Thailand’s Charoen Pokphand (CP) Group has planned to invest nearly US$100 million in the 2012-2013 period and US$70 million a year later to raise the number of factories producing foodstuff for cattle in Vietnam from 5 to 10 by 2014.

Jittisart J. Sakulchai, General Director of the group’s branch in Vietnam, said the plan aims to create favourable conditions for its company to operate more effectively in all regions of Vietnam.

The group has opened a factory in Binh Duong Province and will put into operation another one near Hanoi next year.

Another project named Amata Express City, covering an area of 1,400 hectares, 30km far from HCM City and near Long Tanh International Airport, will get off the ground soon.   

CP Group has been present in Vietnam since 1992.

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