Charoen Pokphand Group (CP), the giant business groups in Thailand, plans to expand investment in Vietnam, which focuses funding on agriculture, real estate and retailing.
Vice President Executive CP Sooksunt Jiumjaiswanglerg-in charge of agricultural products business field and food of CP in Vietnam told that CP had plan to build four food processing plants for poultry and livestock, food for shrimp, and other plants in the next five years.
CP will spend 150-200 million US dollars to build the fish feed processing plant, processed chicken and frozen storage plant in Vietnam. Investment abroad is part of plans to raise 100% of CP operations in Vietnam over the next five years.
Largest industrial corporations in Thailand - Siam Cement Plc (SCG) is also seeking additional funds to increase investment in the domestic market and abroad, especially in Southeast Asia
SCG is currently building a new petrochemicals complex in Vietnam and recently announced plans to provide at least 100 billion baht (3.3 billion USD) to expand operations in markets in Southeast Asia (ASEAN) in next five years.