HO CHI MIHN CITY—A group of Filipino businessmen are on the hunt for trade deals and opportunities with Vietnamese partners in the field of food processing, cosmetics, hotels and construction industries.
Sanchez Dannilo, vice president of the Philippine Chamber of Commerce and Industry-National Capital Region, said a Filipino business delegation recently held a meeting with Vietnamese firms in Ho Chi Minh City on Thursday.
Nguyen The Hung, deputy director of the Vietnam Chamber of Commerce and Industry Ho Chi Minh City branch, briefed the Philippine delegation on the city’s policies for attracting foreign investment and enlarging import-export activities. He also highlighted that two sides have opportunities to bolster their cooperation in food, farm produce, fertilizer and education.
Vietnam has enjoyed a trade surplus with the Philippines since 2008. Major exports include rice, consumer goods, food products and seafood. Fertilizers and electronic equipment are the primary imports from the Philippines.
Trade in 2014 was $2.8 billion, which they are working to lift to $3 billion this year.
PNA/VNS