Opportunities

Hong Kong hopes to strengthen the cooperation ties with Vietnam, Chief Secretary of the Hong Kong Special Administrative Region Carrie Lam Cheng Yuet-ngor shared at a luncheon meeting on “Opportunities for Hong Kong and Vietnam under ASEAN Regional Co-operation” in HCM City on August 16.

Vietnam`s seafood exports to Australia would increase strongly in the time ahead if the Australians remove their quarantine barrier for seafood products to the country, according to Consulate General of Vietnam in Sydney, Australia.

Many Singaporean real estate firms are doing business successfully in Vietnam, according to Mrs. Leow Siu Lin, Singapore Consul-General in HCM City.

Investors from ASEAN member countries have poured as much as US$27.68 billion into 1,176 projects in the Vietnamese processing and manufacturing industry, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Many Indian businesses have arrived in Vietnam to seek investment opportunities in energy, footwear and other industries, according to Smita Pant, Indian Consul General in HCM City.

Singaporean businesses wish to promote cooperation with Vietnamese ones in real estate, retail, restaurant - hotel services and petroleum and oil, Koh Chong Yu, Director of the Singapore Trade Development Board in HCM City highlighted at the 2016 Vietnam – Singapore Business Forum on July 20.

The rapid growth of Vietnam’s export-oriented manufacturing sector has boosted the demand for logistics services but the government needs to step up its game to be more competitive.

Indian leather and footwear businesses have only recently discovered Vietnam is a huge market while their Vietnamese counterparts import massive quantities of leather but little from India.

The Trans-Pacific Partnership (TPP) is set to open up market and bring import tariffs down to zero for Vietnam and Japan, therefore Japanese businesses decided to step up investment in the Vietnamese agriculture sector since the latter is also a TPP member.

Foreign companies providing technology solutions for textile, garment, and footwear production have been increasingly active in Vietnam, taking advantage of the expected growth of the industry.

Japanese enterprises highlighted that Vinh Phuc province has many potentials for investment and business cooperation in various fields of agriculture, health, education and training, mechanical industry, electronic industry and telecommunication. This information was heard at a meeting in Vinh Phuc province on July 6.

Japan External Trade Organisation (JETRO) and the Foreign Investment Agency under the Ministry of Planning and Investment (MPI) co-chaired the conference on promoting investment and trading in the Japanese market in Hanoi on July 5.

In January - June, 61 countries and territories invested in Vietnam. The Republic of Korea remained the leading investor, with 3.99 billion USD, 35% of the FDI pledged to the country

Samsung Electronics Vietnam (Samsung) in collaboration with the ministries of Industry and Trade and Planning & Investment held the 3rd workshop and exhibition on support industry, themed "Connecting Vietnamese Enterprises with Global Supply Chain", in Hanoi on June 21.

Though some problems still exist in the legal framework, more and more foreigners are registering to buy houses in Vietnam.

Ministry of Industry and Trade, the Vietnamese Embassy in France Vietnam in collaboration with the Chamber of Commerce and Industry of France`s Rhone Alpes region recently held a successful Vietnamese goods week themed “Honouring Vietnam” in Lyon, France.

The first Vietnam International Coffee and Dessert Fair opened at the Ho Chi Minh City Exhibition and Convention Centre on June 8, providing an international platform for buyers and sellers to network and explore business opportunities.

Enterprises in the transport sector have become more eligible for official development assistance (ODA) after being restructured, officials say.

Mergers and Acquisitions (M&As) by foreign companies is the fastest way to hold stakes in the Vietnamese electronic and electrical retail market.

A negotiation delegation from the European Union (EU) is on a working visit to Vietnam to raise public awareness of how to optimise the benefits and opportunities from the freshly-concluded free trade agreement between two sides (EVFTA), Chief negotiator Mauro Petriccione said in an interview granted to the Vietnam News Agency.