Filipino investors keen on Vietnamese market

(VOV) - Filipino businesses gathered at a seminar in Ho Chi Minh City on October 16 to discuss investment opportunities in Vietnam.

The seminar, entitled “Vietnam – A Destination for Investors”, aims to help businesses from both countries strengthen cooperation and promote the effective implementation of bilateral economic agreements.

Le Manh Ha, Vice Chairman of the Ho Chi Minh City People’s Committee, said bilateral trade has developed well in many fields and there have regular direct dialogues that have benefitted both sides.

He pledged to create the best conditions for foreign businesses to operate in HCM City, including those from the Philippines.

The Filipino ambassador to Vietnam, Jerril Santos, said that his country currently ranks 27th among Vietnam’s foreign investors with many large firms capitalized at nearly US$300 million.

He said in HCM City alone, Filipino businesses are involved in 26 projects with a total investment of US$46 million. The two countries should fully tap their potential for trade and investment cooperation, especially in agriculture, he added.

Other delegates at the seminars also highlighted prospects for Vietnamese and Filipino businesses to cooperate and utilize their advantages in human resources and food processing.

They had a direct talk with Vietnamese companies to establish partnerships.
Mời quý độc giả theo dõi VOV.VN trên