Mr. Nguyen Ngoc My, Deputy President of BAOOV, speaking at the event (Photo: VNA)
The event aimed to mobilize sources from overseas Vietnamese businesses and entrepreneurs to develop the nation’s economy.
Mr. Nguyen Ngoc My, Deputy President of BAOOV, shared that previously, overseas Vietnamese who are successful entrepreneurs met various difficulties when investing and doing business in Vietnam due to complex mechanisms and policies, and lack of information.
Recently, together with international economic integration, open-door policy, administrative procedure reform, overseas Vietnamese’s investment and business in Vietnam have become much easier.
In addition, domestic businesses have developed aggressively and have increasing demand of expanding their markets to foreign countries. However, they meet various difficulties such as language barrier, lack of exact information about markets, lack understanding about business culture of foreigners.
Mr. My said that the overseas Vietnamese community is now very large, including many successful, prestigious businessmen, who have good relations with their local partners. Therefore, they can support domestic businesses to seek information about market, cooperation clues, culture, business customs of local businesses.
Thus, resources of the overseas Vietnamese entrepreneurs are not only overseas remittance, but also the local information network to support domestic businesses to strengthen their investment and business abroad.
While Chu Tien Dung, Chairman of the Ho Chi Minh City Business Association, said with the increase of quantity and scale of the domestic businesses, demand of expanding cooperation and seeking foreign market are very big.
Over the past time, his unit has also carried out investment and trade promotion programs in US, Australian, Canadian, Japanese and RoK markets to boost goods export, buy new technological machines, equipment and materials to serve production; access management methods, operate business administration and seek resources to support businesses’ development. However, the number of effective investment and trade promotion programs is very small.
Therefore, strengthening connection between overseas Vietnamese entrepreneurs and the domestic business community will help build reliable information systems to promote effective investment and trade promotion activities.
At the event, BAOOV, Ho Chi Minh city Business Association and the city’s Female Entrepreneur Association signed a memorandum of understanding to support providing helpful information on potential investment projects and economic markets, updating relevant guidelines and policies.
This is an initial step to realize connection measures to boost introduction of goods, products and services of Vietnamese businesses to international markets through local network and market information provided by overseas Vietnamese businesses./.