Good knowledge of trade disputes likely to arise in other countries is among the important attributes that Vietnamese businesses need to become more competitive in the global marketplace, experts said at a seminar on Nov. 13.
Nguyen The Hung, deputy director, HCM City branch of the Vietnam Chamber of Commerce and Industry, said that this knowledge would help businesses prepare better and avoid pitfalls as they enter another market.
The seminar, titled Partners with Hong Kong to develop global business had several experts from the territory share experiences about the role of trade referees in arbitrating and mediating foreign business disputes in Hong Kong that could be useful for domestic businesses.
Other topics that the seminar dealt with included ways to build brands, investment channels, trademarks and copyrights purchases.
Tina Phan, director of the Hong Kong Trade Development Council for Indochina , said the agency wants to help Vietnamese companies gather more useful market information, match business partners and find customers through various channels including trade fairs.
She said more Vietnamese companies are showing interest in business opportunities in Hong Kong, as evidenced by a strong year-on-year increase in the number of Vietnamese corporate participants at trade fairs held in the territory.
The annual Houseware Fair in Hong Kong attracted 60 Vietnamese companies in 2009, "we are expecting 70 this year," she said.
Nguyen The Hung said Vietnam wishes to increase cooperation with Hong Kong – known as a global financial trade centre and a major capital market.
Hong Kong is particularly strong in business dispute advisory, finance and marketing, he said, adding that local businesses should take advantage of these strengths.
Hong Kong ranks eighth among investors in Vietnam.
As of October this year, Hong Kong had 599 projects worth 2.7 billion USD. In the first six months of this year, bilateral trade turnover reached 2.9 billion USD, of which Hong Kong's exports to Vietnam was 1.96 billion USD while the territory imported goods worth 900 million USD./.
Nguyen The Hung, deputy director, HCM City branch of the Vietnam Chamber of Commerce and Industry, said that this knowledge would help businesses prepare better and avoid pitfalls as they enter another market.
The seminar, titled Partners with Hong Kong to develop global business had several experts from the territory share experiences about the role of trade referees in arbitrating and mediating foreign business disputes in Hong Kong that could be useful for domestic businesses.
Other topics that the seminar dealt with included ways to build brands, investment channels, trademarks and copyrights purchases.
Tina Phan, director of the Hong Kong Trade Development Council for Indochina , said the agency wants to help Vietnamese companies gather more useful market information, match business partners and find customers through various channels including trade fairs.
She said more Vietnamese companies are showing interest in business opportunities in Hong Kong, as evidenced by a strong year-on-year increase in the number of Vietnamese corporate participants at trade fairs held in the territory.
The annual Houseware Fair in Hong Kong attracted 60 Vietnamese companies in 2009, "we are expecting 70 this year," she said.
Nguyen The Hung said Vietnam wishes to increase cooperation with Hong Kong – known as a global financial trade centre and a major capital market.
Hong Kong is particularly strong in business dispute advisory, finance and marketing, he said, adding that local businesses should take advantage of these strengths.
Hong Kong ranks eighth among investors in Vietnam.
As of October this year, Hong Kong had 599 projects worth 2.7 billion USD. In the first six months of this year, bilateral trade turnover reached 2.9 billion USD, of which Hong Kong's exports to Vietnam was 1.96 billion USD while the territory imported goods worth 900 million USD./.
