Vietnam's big firms eyes business opportunities in the PHL

Vietnam's big firms eyes business opportunities in the PHL

One of Southeast Asia’s fast emerging economies, are sending a business delegation to the country.

As a result of President Rodrigo Duterte’s Independent Foreign Policy,  attendance and support in the recently concluded  Asia –Pacific Economic Cooperation (APEC)  2017 in Danang , Vietnanam and the chairmanship and hosting of the highly successful Association of Southeast Asian Nations 2017 (ASEAN) here in the country- we have attracted potential investors within our region on the globe.

One of South East Asia's fast emerging economy, will send a business delegation in the Philippines (photo credit to owner)

This week, the country will host fifteen (15) Vietnamese companies who will  explore business opportunities in the Philippines. The business delegation will be led by Ministry of Industry and Trade of Vietnam (MOIT) Deputy Director General for Department of Asia-Africa Markets Do Quoc Hung.

The Vietnamese firms are in the sectors of rice exports and trade of agricultural products such as coffee, tea, cashew nut, pepper, confectioneries, vinegar, jalapenos, corns, aquatic products, among others.

Among the visiting companies here include Hanoi Trade Corporation, Tan Long Group Joint Stock Company, Vietnam Northern Food Corp., Dong Thap Branch of Food Processing and Exporting, Duong Vu Co. Ltd., Bibica Corp., GOC Food Processing Export JSC, Xuan Khang Enterprise, Nghi Son Aquatic Product Exim Co. Ltd., Phuoc Thuan Import and Export Agricultural Co. Ltd., Thanh Tuan Trading and Services Ltd., Phuoc Thuan Co. Ltd., Hoang Thinh Imex Co. Ltd., Tan Thanh An Co. Ltd., and Vacod One Member Co.

A business forum will be held between Filipino and Vietnamese companies and it will be hosted by MOIT and the Philippine Chamber of Commerce and Industry (PCCI).

Data from the Philippine Statistics Authority showed that two-way trade between the Philippines and Vietnam in January to September this year stood at USD2.5 billion.



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