Overseas Vietnamese entrepreneurs give opinions on HCM City’s development hinh anh 1Some overseas Vietnamese entrepreneurs and EuroCham representatives at the conference on October 27 (Photo: VNA)

HCM City (VNA) - A conference gathering together overseas Vietnamese entrepreneurs was held in Ho Chi Minh City on October 27, with a view to tapping into this resource to contribute to the southern economic hub’s development.

Standing Vice Chairman of the municipal People’s Committee Le Thanh Liem said the conference was an occasion for local authorities to hear the opinions of domestic and overseas entrepreneurs and experts, to help with the city’s economic recovery, digital transformation, and COVID-19 response, as well as the promotion of Vietnamese goods in the global market, especially after the EU-Vietnam Free Trade Agreement (EVFTA) took effect on August 1.

The overseas Vietnamese community has been continually developing and now numbers some 5.3 million people in over 130 countries and territories. They have integrated intensively into all aspects of their host societies, according to Vice Chairman of the State Commission on Overseas Vietnamese Luong Thanh Nghi.

They have always made practical and effective contributions to national development, he said, noting that overseas remittances to Vietnam have totalled some 170 billion USD since 1990.

Overseas Vietnamese have invested about 4 billion USD in 3,000 projects in the homeland, creating a large number of jobs and contributing to the country’s economic growth. They also play a critically important role in paving the way for Vietnamese goods to enter foreign markets, Nghi added.

Local and overseas entrepreneurs and representatives from the European Chamber of Commerce in Vietnam (EuroCham) shared their experience in business development and trade promotion.

They also discussed the opportunities and challenges for Vietnamese firms in Europe from the EVFTA./.