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HCM City to help promote SMEs

Update: November, 20/2008 - 00:00

HCM City to help promote SMEs

(21-11-2008)

HCM CITY — The city will support small-and medium-sized-enterprises (SMEs) in the coming period with trade fairs and exhibitions that will promote high quality products and services provided by the sector, a senior official has said.

Nguyen Van Lai, director of the HCM City Department of Industry and Trade, said that these events would help the sector get information and find new export markets, business opportunities, potential customers and partners.

Many activities and events organised by the city’s Centre for Investment and Trade Promotion have seen about 70 foreign delegations from 15 foreign countries and 233 businesses visit the city so far this year to explore business and investment opportunities.

HCM City attracted more than US$8 billion in foreign direct investment (FDI) in the first nine months of the year, a sixfold increase over the same period last year, the centre announced at a review meeting held recently.

It began the year with meetings between Government representatives and officials from the Association for American Business in Singapore (Singapore Amcham) to open investment opportunities in the field of infrastructure, including roads, ports, airports and energy.

A recent investment and co-operation forum organised by the centre drew the participation of more than 300 Vietnamese and Spanish businesses.

At these meetings and events, city officials committed to help investors in sorting out site clearance problems and guide them in the implementation of investment procedures.

The centre said it planned to co-operate with the Japan External Trade Organisation (Jetro) in the near future to hold events designed to promote exports and attractFDI. — VNS

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