Thai billionaire to help export Vietnamese agricultural products
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Thai billionaire to help export Vietnamese agricultural products

Economy, Vietnam, Vietnam Finance News

TCC Group Chairman Charoen Sirivadhanabhakdi said he wanted Vietnamese government help to export products to Thailand during a meeting with Prime Minister Nguyen Xuan Phuc on June 18.

  

TCC Group Chairman Charoen Sirivadhanabhakdi meets with Prime Minister Nguyen Xuan Phuc on June 18.

Phuc welcomed TCC Group’s USD100m in tax payments. Combining with their achievements in Vietnam, Phuc hoped the TCC Group was a model in the fight against transfer pricing and tax evasion.

Phuc asked TCC Group to be an outlet for Vietnamese agricultural products to help the local farmers.

Sirivadhanabhakdi said TCC Group had bought Big C in Thailand to expand its market share back home. This would provide a good way to introduce Vietnamese products to Thai consumers. TCC Group has already set up a team to deal with the works.

He also hoped that Vietnam authorities would support TCC Group. He was assured by Phuc that Vietnam would ensure favourable conditions for the investments to benefit both sides.

Sirivadhanabhakdi, founder of Thai Beverage, the chairman of conglomerate TCC Group and Fraser and Neave, Ltd, was born in 1944. He is ranked 64th by Forbes’ list of the world’s richest people with a net worth of USD16.5bn.

The TCC Group spent USD655m to buy 19 Metro Cash and Carry Vietnam stores. It also bought an 11 percent share of Vinamilk in 2015.

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