Chinese, Thai businesses tap into opportunities in closer China-Asean cooperation


BANGKOK (The Nation/Asia News Network): The Thai-Chinese Rayong industrial zone marks win-win cooperation and joint development efforts between China and the Association of South-East Asian Nations (Asean).

About two hours' drive from downtown Bangkok, near the Laem Chabang port in eastern Thailand, is a well-planned industrial zone, the Thai-Chinese Rayong industrial zone.

Jointly built by China's Holley Group and Amata Group of Thailand in 2006, the industrial zone is one of the first Chinese overseas industrial sites and has become a testament to the win-win cooperation and joint development efforts between China and the Association of Southeast Asian Nations (Asean).

Now home to more than 170 Chinese-invested companies, mostly in automobile, electronics and machinery sectors, the industrial zone has attracted a combined investment of more than US$4 billion from China and provided more than 40,000 local jobs.

Himile Group, a major tyre mould supplier headquartered in east China's Shandong Province, set up a factory in the zone in 2014.

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Thailand , China , Asean , business

   

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