Mr. Arkhom Termpittayapaisith, Minister of Finance, said after visiting the solar power plant of Truong Thanh Quang Ngai Power and High Technology Joint-Stock Company (TTQN), a subsidiary of Sermsang Power Corporation Plc. (SSP), a customer of the Export-Import Bank of Thailand (EXIM Thailand), with a capacity of 49 megawatts, sells electricity to the Vietnamese Electricity Authority. Under a 20-year long-term power purchase agreement, EXIM Thailand supports a long-term loan of $32.5 million for the construction and operation of the said power plant. Because Thailand is classified as a country with a relatively high middle income. As a result, the receiving of commercial privileges has decreased sequentially.
Relocating production bases from Thailand to neighboring countries Including Vietnam, which is a new market with high potential both in trade and investment, with a population of about 100 million, a working-age population of 55 million, speaks multiple languages. Minimum labor cost 170-200 baht per day makes Thai investors including foreigners Gradually relocating production bases for both labor-intensive and high-tech products such as textiles, footwear, agricultural products, electronics and automobiles to Vietnam. While the Vietnamese government has a policy to promote investment in renewable energy seriously. This is because Vietnam’s demand for electricity is growing at a high rate in line with industrial development and urbanization. It is therefore a good opportunity for Thai businessmen to invest in renewable energy. to be part of infrastructure development as well as driving the development of the bio-economy circular economy and green economy (Bio-Circular-Green Economy: BCG Economy) in the ASEAN region and the global community
Mr. Rak Worakijpokathorn, Managing Director of EXIM Thailand, said that EXIM Thailand is a state-owned specialized financial institution that aims to perform more than a bank. with the development of new tools in supporting the business sector in a comprehensive way to create new opportunities Let the business grow together with society and the environment in a sustainable way. It aims to support businesses that are affected by challenges in the dimensions of the environment, society and good corporate governance. and businesses that aim to generate financial returns along with social and environmental returns both domestically and internationally
In the past, EXIM Thailand has provided financial support to the BCG business for more than 250 projects with a capacity of 6,455 megawatts, reducing carbon emissions by more than 100 million tons, with a financial support of over 60 billion baht, creating an investment value of almost 380 billion baht. Thai investment abroad for nearly three decades since its inception since 1994, with Vietnam as one of the target countries of Thai businessmen. EXIM Thailand has supported investments in Vietnam in many businesses. including clean energy power plants to be used in the business and livelihood of Vietnamese people as well as moving closer to the goal of a low-carbon society and sustainable development of the global community.
In addition, the Minister of Finance also visited the wholesale and retail business of MM Mega Market under the operation of MM Mega Market Vietnam Co., Ltd. in the Thai Charoen Corporation Group, with TCC Land International Pte. Ltd. A subsidiary of TCC Corporation Co., Ltd. is a shareholder and MM Mega Market is the only wholesaler in Vietnam. a wide variety of products and implementing green policies in business operations with responsibility to the economy, society and environment
