Opportunities

Vietnam has plenty of opportunities for exporting its key items- garments and textiles, footwear, wood furniture and agro-fisheries products to Australia.

An array of free trade agreements (FTAs) coming into effect this year will open up a wide range of new blindingly bright opportunities for the agricultural sector leading to improved investment opportunities along the entire value-chain.

The American Market Department under the Ministry of Industry and Trade (MoIT) sees huge opportunities to export cassava to the Argentine market in the coming time.

Switzerland has poured US$1.94 billion in Foreign Direct Investment (FDI) in 101 projects in Viet Nam, according to Foreign Investment Agency (FIA).

Vietnam remains as one of Asian appealing trade and investment destinations for international businesses, including those from India, said Indian Deputy Minister of Commerce and Industry Rajeev Kher at the Vietnam-India Business Forum in Ho Chi Minh City on January 21.

There remains untapped potential for Vietnamese plastic exporters in Turkey due to the high demand for plastic materials needed by a wide range of sectors.

Although Vietnam-Chile Free Trade Agreement came into effect as from January 1, 2014, investment and trade cooperation between the two countries still faces obstacles.

Canadian Trade Counsellor Marcel R.Laneville at a trade conference in Ho Chi Minh City on December 10 stated that Canadian firms are paying great attention to developing trade and education cooperation projects in Vietnam.

Mexican multinational group Home Depot wants to import 18 types of products from Vietnam, including construction materials, home appliances, wooden furniture, electrical tools, umbrellas, and so on.

Russia has made moves recently that show it is strengthening cooperation with Vietnam as an important part of its “look East” policy. Both Vietnam and Russia are seeking big opportunities in the cooperation.

Vietnam is an attractive market for German investors as more than 500 businesses from the European country are seeking Vietnamese garment and footwear suppliers.

The Viet Nam-Germany Economic Dialogue, themed “Industrial development in Viet Nam, supply of skilled labor and other challenges”, was held in Ha Noi on November 19. A number of German enterprises look forward to expanding their operations in Viet Nam.

Some of Vietnam’s lesser known provinces offer real advantages, said Thomas Jandl, an Asia consultant and expert on the investment advantages of Vietnam’s diverse provinces, in his article recently posted on Borderlessnewsonline.

The Ministry of Planning and Investment has been drafting a law for the operation of three special economic zones in three provinces of Viet Nam for foreign investment projects.

As many as 1,608 investors, including 28 international investors and two Vietnamese organisations, have registered to buy shares in the national flag carrier Vietnam Airlines at its initial public offering scheduled for November 14.

Major Chinese investors have shown growing interest in Vietnam`s manufacturing sector because of the country`s low labour costs and its proximity to China, according to a white paper published by the real estate consultancy firm Cushman & Wakefield.

Seven leading Italian business enterprises specializing in porcelain and ceramic machinery and equipment attended a business-to-business (B2B) meeting on November 4 in Hanoi.

Thai trade and investment promotion agencies are actively implementing an array of programmes to connect businesses and support them in seeking business investment opportunities in Vietnam.

While Vietnamese economists have repeatedly sounded the alarm over the expansion of big foreign retail groups in Vietnam, the Ministry of Industry and Trade (MOIT) has kept calm, saying that 70 percent of the products available at the retail chains are made in Vietnam.

The delegation, led by Vice Chairman of the HCM City People’s Committee Nguyen Huu Tin, held a meeting with Vice President of Buenos Aires Legislature Maximiliano Ferraro, and briefed the host on HCM City’s socio-economic achievements in recent years.