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Home International Customs

Thai Central Group pledges long-term investment in Vietnam

byCT Report
05/10/2016
in International Customs, Thailand, Vietnam
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HCM CITY: Deputy Prime Minister Vương Đình Huệ praised the Thai-based Central Group’s investment in distribution, wholesale, and retail sectors, saying that he expects the group to continue to invest in these sectors.

At a reception for the group’s general director in Việt Nam Jariya Chirathivat in Hà Nội this week, Huệ praised the group for complying with Việt Nam law, including paying tax after its acquisition of the Big C super market chain in Việt Nam. The deputy PM suggested that the group join production chains of Vietnamese businesses in the industrial and agricultural sectors to produce safe, quality products.

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Jariya Chirathivat, who is also Central Group’s legal representative in Việt Nam, pledged that the group would provide high-quality products for the country, adding that it had a policy to work with Vietnamese producers to make products for the Big C supermarket chain in Việt Nam and for export to Thailand. In July, the group in collaboration with the Ministry of Industry and Trade of Việt Nam successfully organised “Vietnamese Goods Week” in Thailand. Through the event, it found several Vietnamese producers to make goods for exporting to Thailand, she said.

Previously, the group has supported Bình Dương-based furniture company Bình Phú to supply US$1.2 million worth of in-room furniture to its six-star Park Hyatt Hotel. Earlier, the Thai group purchased Big C Vietnam and a 49 per cent stake of Nguyễn Kim electronics retailer and has taken over e-commerce site Zalora’s operation in Việt Nam.

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