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Jan 23, 2014 / 15:06

Promoting trade exchange with Asian neighbors

The Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) is positioning itself to expand trade with its neighbors, Laos, Cambodia and Myanmar.

At a meeting in the city on January 22, ITPC Director Pho Nam Phuong said it efforts are strategically aimed at supporting local businesses to invest in these countries in hopes of boosting cooperation and accelerating import-export activities.

The ITPC is also extending invitations to multinational groups and investors to reciprocate and invest in HCM City, Phuong said.

Nguyen Thi Hong, Vice Chairwoman of the municipal People’s Committee, spoke glowingly of the ITPC’s effort in promoting Vietnamese trademarks abroad and said the ITPC is an important bridge to economic development.

Hong also urged the ITPC to improve upon its image and transform itself into an internationally recognized driving force in promoting trade and investment.

The ITPC should strive to raise research capacity and be creative in implementing proper solutions in line with socio-economic development orientations and actively support business production, Hong suggested.

As the city’s primary trade promotion agency, the ITPC conducted a number of programs in 2013, contributing to stimulating economic demand in agriculture, high-tech and the food industry.

It was also instrumental in the success of a Vietnamese products fair, increasing productive dialogues between the city leaders and businesses, and promoting investment and trade activities in Japan, Laos, and Hong Kong.