Prime Minister Nguyen Xuan Phuc has asked Thailand’s TCC Group, as a big retailer, to create conditions for high-quality goods and agricultural products of Vietnam to be sold in its supermarkets.
Receiving TCC Chairman Charoen Sirivadhanabhakdi in Hanoi on June 18, he recognised the group’s successful business activities and tax payment of US$100 million in Vietnam.
He expressed his hope that TCC, as a famous brand in Thailand, will 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 Vietnam, affirming that Vietnam 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 is determined to expand its retail market share in Thailand, which can be seen through the recent purchase of Big C Thailand.
The move will 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 Vietnam.
He added TCC is very interested in the business of beer and wants to bring Vietnam’s beer brands to international markets as the country has long-standing beer brands with good quality.
The entrepreneur said he hoped the Vietnamese Government will facilitate his group’s investment and business activities in Vietnam, including the export of Vietnamese goods to Thailand.