HCM City expo seeks foreign trade partners

Over 400 foreign and domestic businesses attended the third Trade and Investment Promotion Conference and Exhibition in Ho Chi Minh City on Oct. 21.

Jointly organised by the HCM City Union of Business Associations (HUBA) and the HCM City chapter of the Vietnam Union of Friendship Organisations, the event aimed to introduce Vietnamese products to international markets, facilitate the operations of foreign business associations and help domestic enterprises seek trade opportunities.

A representative of the Canadian Business Association said Vietnam is one of Canada’s strategically important trade and investment partners, and with two-way trade reaching nearly 1.4 billion USD last year, the two countries are promoting cooperation in the fields of agriculture, education, information technology and the manufacture of wooden products.

Pham Ngoc Hung, HUBA Vice Chairman said that cooperation between foreign and domestic businesses contributes to developing the city’s trade and investment.

At the event, representatives of HUBA will sign cooperative agreements with business associations from the US, Europe and Australia. A music gala will also be organised to ensure friendship among countries.

According to Ho Chi Minh City Department of Planning and Investments, as many as 293 projects capitalised at almost 2 billion USD were granted investment licences by October this year. Among the countries and territories investing, Singapore, Malaysia, Hong Kong and the Republic of Korea have posted the highest investment capital.

Source: Vietnam News Agency

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