Representatives of overseas Vietnamese business associations and EuroCham Vietnam speak at a seminar organised on Tuesday in HCM City. — VNS Photo Bo Xuan Hiep HCM City will continue to strengthen connections between overseas Vietnamese business groups and associations, especially those in the EU, and domestic enterprises in an effort to promote trade and investment, speakers said Tuesday at a meeting in the city. Le Thanh Liem, vice chairman of the municipal People’s Committee, said that HCM City, with a population of more than 10 million and more than 350,000 enterprises, has great potential for investment. Despite the Covid-19 pandemic, overseas remittances sent to HCM City reached US$4 billion in the first nine months of the year, up 2 per cent year-on-year. The number is expected to reach $5.5 billion by the end of the year, up 0.82 per cent year-on-year. Viet Nam is the EU’s 17th largest trading partner and the second-largest in Southeast Asia, while the EU is one of Viet Nam’s major markets, he noted. Two-way turnover reached nearly $56.5 billion last year, with Vietnamese exports to the trading bloc reaching $41.5 billion, he noted. The European Union-Viet Nam Free Trade Agreement, which took effect on August… Read full this story
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