Foreign businesses seek opportunities in Vietnam

A number of foreign business organisations and associations took part in a trade and investment promotion conference held in Ho Chi Minh City on March. 29 to seek partners and opportunities in Vietnam .
A number of foreign business organisations and associations took part ina trade and investment promotion conference held in Ho Chi Minh Cityon March. 29 to seek partners and opportunities in Vietnam .

The businesses come from such countries and territories as Thailand ,Canada , Germany , Indonesia , Malaysia , Singapore and Hong Kong (China ).

The annual event this year focused onthe city’s economic restructuring in 2012, the development of industrialclusters, mechanism and policies to attract investors in the high-techindustry, monetary policy and solutions to support businesses.

Vietnam ’s consumption market in 2012 is forecast to develop fasterthan that of regional countries such as Thailand , the Philippinesand Malaysia and thus remaining attractive to foreign investors, theseminar was heard.

Experts said the country’sretail market is forecast to keep its high growth rate of about 23percent during the 2012-2014 period with one of the best profitabilityin the world.

Domestic businesses took the occasion to display their products.

The annual event was coorganised by the Ho Chi Minh City Businesses’Association, the Vietnam Union of Friendship Organisations and the HCMCity Department of Planning and Investment./.

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