The Thais will also visit garment-textile and footwear plants in Binh Duong and Dong Nai provinces. — Photo vietq

HCM CITY (Biz Hub) — A delegation of more than 400 Thai garment, textile and footwear firms are visiting Viet Nam to check out the domestic market.

The businesses have already spoken to hundreds of local firms in HCM City.

Malinee Harnboonsong, director of the Thai Trade Centre in the city, said Thai businesses hoped to understand Vietnamese consumption demands and explore market potential.

She said Thai trade and investment agencies had funded their participation in fairs and exhibitions, and encouraged exchanges between enterprises in both countries.

The Thais will also visit garment-textile and footwear plants in Binh Duong and Dong Nai provinces.

Nguyen The Hung, deputy director of the Viet Nam Chamber of Commerce and Industry's HCM City branch, said Thai products were popular in Viet Nam and that more Vietnamese goods were present in the Thai market.

Trade turnover between Viet Nam and Thailand reached $10.6 billion in 2014, a year-on-year rise of 12.5 per cent. In the first half of this year, the figure stood at about $5.2 billion , up 8 per cent against the same time last year.

The two countries are striving to raise bilateral trade value to $20 billion by 2020. — VNS