19 June 2017

TCC to support Vietnamese goods’ entry into Thailand

Prime Minister Nguyen Xuan Phuc (second, right) meets representatives of Thailand’s TCC Group. — VNA/VNS Photo Thong Nhat

Prime Minister Nguyen Xuan Phuc has asked Thailand’s TCC Group, a large retailer, to create conditions for high-quality goods and agricultural products of Viet Nam to be sold at its supermarkets.

Receiving TCC chairman Charoen Sirivadhanabhakdi in Ha Noi on Saturday, the Prime Minister recognised the group’s successful business activities and tax payment of US$100 million in Viet 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 Phuc welcomed the group’s intention to do long-term investment in Viet 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 Viet Nam.

He added TCC was very interested in the beer business and wanted to bring Viet 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. — VNS



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