During a meeting with Thammasak Sethaudom, President and Chief Executive Officer of Siam Cement Group (SCG), the Vietnamese leader welcomed continued expansion of Thai investment in Viet Nam, particularly in foundational industries, green industry, new materials, logistics, and supply chains.
Sethaudom said SCG is currently investing in Viet Nam in areas such as petrochemicals, plastics, materials, and packaging, and wants to strengthen cooperation in petrochemicals, green industry, circular economy development, recycled materials, and emission-reduction solutions for industry.
General Secretary and President Lam acknowledged SCG’s contributions to Viet Nam’s green transition goals and emphasised that Viet Nam prioritises the development of foundational industries. He encouraged SCG to continue to accompany Viet Nam in developing high-value-added industries and in strengthening linkages with Vietnamese enterprises within supply chains.
At a separate meeting with Sarath Ratanavadi, Director, Vice Chairman of the Board, and Chief Executive Officer of Gulf Development, the top Vietnamese leader called on the group to concretise projects in line with environmental and social responsibility standards, and ensure technology transfer and workforce training commitments. He affirmed that Viet Nam remains ready to facilitate capable investors with long-term visions and extensive experience.
Sarath Ratanavadi expressed the group’s desire to become a long-term strategic partner of Viet Nam in enhancing national energy security through investments in liquefied natural gas (LNG) and renewable energy projects.
Meeting with Chadatip Chutrakul, Chief Executive Officer of Siam Piwat, General Secretary and President Lam suggested the group explore integrated destination development models combining retail, tourism, culture, creativity, and urban spaces to meet Viet Nam’s growing demand for high-quality services and modern urban development.
Chutrakul said Siam Piwat is operating effectively in Viet Nam and is interested in expanding projects in the Thu Thiem urban area while sharing expertise in luxury retail, destination development, tourism, and sustainable urban services.
The Vietnamese leader noted that Viet Nam is accelerating the development of high-value service industries, including modern commerce, tourism, culture, creative industries, and innovative urban economic models. He also encouraged Siam Piwat to continue exploring investment and cooperation opportunities in Viet Nam, particularly in commercial services, tourism, culture, and urban destination development.
On the same day, General Secretary and President Lam also held a brief meeting with representatives of the Thailand-Viet Nam Friendship Association. Leaders of the association affirmed its commitment to strengthening people-to-people exchanges and serving as a bridge for bilateral friendship and business cooperation.
The Vietnamese leader spoke highly of the association’s contributions and encouraged it to promote Viet Nam’s image and tourism to enhance practical cooperation between enterprises of both countries.
