Overseas Vietnamese entrepreneurs give opinions on HCM City’s development
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.
Some overseas Vietnamese entrepreneurs and EuroCham representatives at the conference on October 27 (Photo: VNA)
HCM City (VNA) - A conference gathering together overseasVietnamese entrepreneurs was held in Ho Chi Minh City on October 27, with aview to tapping into this resource to contribute to the southern economic hub’sdevelopment.
Standing Vice Chairman of the municipal People’sCommittee Le Thanh Liem said the conference was an occasion for localauthorities to hear the opinions of domestic and overseas entrepreneurs andexperts, to help with the city’s economic recovery, digital transformation, andCOVID-19 response, as well as the promotion of Vietnamese goods in the globalmarket, especially after the EU-Vietnam Free Trade Agreement (EVFTA) took effecton August 1.
The overseas Vietnamese community has been continuallydeveloping and now numbers some 5.3 million people in over 130 countries andterritories. They have integrated intensively into all aspects of their host societies,according to Vice Chairman of the State Commission on Overseas Vietnamese LuongThanh Nghi.
They have always made practical and effectivecontributions to national development, he said, noting that overseasremittances to Vietnam have totalled some 170 billion USD since 1990.
Overseas Vietnamese have invested about 4billion USD in 3,000 projects in the homeland, creating a large number of jobsand contributing to the country’s economic growth. They also play a criticallyimportant role in paving the way for Vietnamese goods to enter foreign markets,Nghi added.
Local and overseas entrepreneurs andrepresentatives from the European Chamber of Commerce in Vietnam (EuroCham)shared their experience in business development and trade promotion.
They also discussed the opportunities andchallenges for Vietnamese firms in Europe from the EVFTA./.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
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Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
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During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
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The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
Some overseas Vietnamese entrepreneurs and EuroCham representatives at the conference on October 27 (Photo: VNA) 
