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Philippine enterprises promote trade in HCM City

Update: April, 10/2015 - 08:01

Viet Nam has enjoyed a trade surplus with the Philippines since 2008. Major exports include rice, consumer goods, food products and seafood. — Photo fica

HCM CITY (VNS) — Philippines enterprises are on the hunt for opportunities to make Vietnamese partners to expand in food processing, cosmetics, hotels and construction industries.

Sanchez Dannilo, Vice President of the Philippine Chamber of Commerce and Industry- National Capital Region (PCCI-NCR), expressed the sentiment as he led a Philippine business delegation in a meeting with Vietnamese firms in HCM City yesterday.

Nguyen The Hung, Deputy Director of the Vietnam Chamber of Commerce and Industry (VCCI)'s HCM 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.

Viet Nam 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. — VNS

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