TCC to support Vietnamese goods’ entry into Thailand

Created 19 June 2017
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Prime Minister Nguyễn Xuân Phúc has asked Thailand’s TCC Group, a large retailer, to create conditions for high-quality goods and agricultural products of Việt Nam to be sold at its supermarkets. 

Prime Minister Nguyễn Xuân Phúc (second, right) meets representatives of Thailand’s TCC Group. — VNA/VNS Photo Thông Nhât

 

Receiving TCC chairman Charoen Sirivadhanabhakdi in Hà Nội on Saturday, the Prime Minister recognised the group’s successful business activities and tax payment of US$100 million in Việt Nam. 

He expressed his hope that TCC, a famous brand in Thailand, would serve as an example for foreign investors in complying with tax regulations, especially in preventing transfer pricing and tax evasion. 

PM Phúc welcomed the group’s intention to do long-term investment in Việt Nam, affirming that the country is a market economy where the State ensures business freedom and provides the best possible conditions for investors, including TCC, in the win-win spirit. 

For his part, chairman Charoen Sirivadhanabhakdi said his group was determined to expand its retail market share in Thailand, which could be seen through the recent purchase of Big C Thailand. 

The move would help TCC sell Vietnamese products, including farm produce, in Thailand, he said, noting that the firm has set up a division specialising in export activities in Việt Nam. 

He added TCC was very interested in the beer business and wanted to bring Việt Nam’s beer brands to international markets as the country had longstanding beer brands of good quality. 

The entrepreneur said he hoped the Vietnamese Government would facilitate his group’s investment and business activities in the country, including the export of Vietnamese goods to Thailand.

 

Source: VNS

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