Thailand
Vietnam firms team up with Asia-Pacific partners for stronger growth
The Hanoitimes – The cooperation with Asia-Pacific businesses will help Vietnamese firms better penetrate into big markets and gain stronger growth, Doan Duy Khuong, according to Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI).
Khuong said during a conference on strengthening the connection and partnership between Vietnam’s firms and members of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) held recently in Hanoi, where he emphasized the importance of cooperation between the VCCI and the CACCI, and between Vietnam and regional countries, especially in the context of increasing international economic integration.
Seeing how the Asia-Pacific region can be considered the largest consumer market in the world with a multitude of rising powers such as Japan, China and South Korea, and a total GDP accounting for 60 percent of the world’s, Khuong said that the area is full of potential.
He also mentioned that since the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), cooperation with major economies and markets would soon be virtually unlimited for Vietnamese businesses, in order for them to accelerate operations, trade, while gaining access to advanced production technology and improved management and administration.
Coupled with collaboration from Asia-Pacific’s enterprises, Khuong was certain that Vietnam’s firms will gain competitiveness and the whole economy will be significantly improved.
At the conference, Jemal Inaishvili, President of the CACCI, said that the Vietnamese business community’s effort in recent years, with significant economic development progress.
He believed such growth has demonstrated the government’s efforts to create a smooth and favorable business environment for both local and international firms.
“Potentials of Vietnamese businesses are very big, there was huge development in the past ten years and there are bigger potentials to Vietnam in the time to come, especially when several trade accords are coming into effect,” Inaishvili said.
“The economic growth of Vietnam in the last decade was very significant with growth of more than 6 percent every year, this means the government is doing very well,” he said, adding that the whole economy progress of Vietnam is very important because Vietnam plays more and more important role in the region in particular and in the region at large.
“The CACCI looks forward to staging the bilateral business meetings each year to boost exchanges among Vietnamese businesses and CACCI members,” the CACCI President said.
Organized by the VCCI, the event aimed to create a bridge between and to help both sides’ businesses find suitable cooperation and investment opportunities.
At the same time, the VCCI hoped to reach out to senior members of CACCI’s, one of the largest organizations representing the Asia-Pacific region’s business community.
The event was part of Inaishvili’s visit to Vietnam, along with over 30 representatives from the CACCI’s member corporations, most notably from Australia, India and Nepal, specializing in textile, garment, cosmetics, consumer goods, food distribution and processing, pharmaceuticals, chemicals, industrial products distribution, construction, IT, and tourism.
Inaishvili expressed his wish to invite representatives from the VCCI and other Vietnamese business delegations to join the CACCI Summit later this year in Istanbul, Turkey.
Earlier in April, the VCCI had worked with the CACCI and the General Department of Customs of Vietnam on a project to update the 2010 Incoterms, or International Commercial Terms, and a 2020 draft, in order to update and discuss previous experiences and mistakes in the fields of import, export, insurance, banking and finance.
He also mentioned that since the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), cooperation with major economies and markets would soon be virtually unlimited for Vietnamese businesses, in order for them to accelerate operations, trade, while gaining access to advanced production technology and improved management and administration.
Coupled with collaboration from Asia-Pacific’s enterprises, Khuong was certain that Vietnam’s firms will gain competitiveness and the whole economy will be significantly improved.
At the conference, Jemal Inaishvili, President of the CACCI, said that the Vietnamese business community’s effort in recent years, with significant economic development progress.
He believed such growth has demonstrated the government’s efforts to create a smooth and favorable business environment for both local and international firms.
“Potentials of Vietnamese businesses are very big, there was huge development in the past ten years and there are bigger potentials to Vietnam in the time to come, especially when several trade accords are coming into effect,” Inaishvili said.
“The economic growth of Vietnam in the last decade was very significant with growth of more than 6 percent every year, this means the government is doing very well,” he said, adding that the whole economy progress of Vietnam is very important because Vietnam plays more and more important role in the region in particular and in the region at large.
“The CACCI looks forward to staging the bilateral business meetings each year to boost exchanges among Vietnamese businesses and CACCI members,” the CACCI President said.
Organized by the VCCI, the event aimed to create a bridge between and to help both sides’ businesses find suitable cooperation and investment opportunities.
At the same time, the VCCI hoped to reach out to senior members of CACCI’s, one of the largest organizations representing the Asia-Pacific region’s business community.
The event was part of Inaishvili’s visit to Vietnam, along with over 30 representatives from the CACCI’s member corporations, most notably from Australia, India and Nepal, specializing in textile, garment, cosmetics, consumer goods, food distribution and processing, pharmaceuticals, chemicals, industrial products distribution, construction, IT, and tourism.
Inaishvili expressed his wish to invite representatives from the VCCI and other Vietnamese business delegations to join the CACCI Summit later this year in Istanbul, Turkey.
Earlier in April, the VCCI had worked with the CACCI and the General Department of Customs of Vietnam on a project to update the 2010 Incoterms, or International Commercial Terms, and a 2020 draft, in order to update and discuss previous experiences and mistakes in the fields of import, export, insurance, banking and finance.
Source: http://www.hanoitimes.vn/economy/2018/04/81E0C5A0/vietnam-firms-team-up-with-asia-pacific-partners-for-stronger-growth/