Riding on the strong economic ties between Vietnam and Singapore, the Vietnam Chamber of Commerce and Industry (VCCI) will be hosting the Vietnam-Singapore Business Forum (VSBF) 2011 from 30 November to 2 December 2011, at Crowne Plaza West Hanoi Hotel. The event is supported by ASEAN BAC Vietnam, Singapore Business Federation, International Enterprise Singapore, International Women’s Federation of Commerce and Industry, Singapore, among others.
With the participation of about 300 delegates from both Vietnam and Singapore, this is one of the biggest trade and direct investment promoting events between the two countries in recent time. The event takes place amidst a comprehensive restructuring of Vietnam’s economy, particularly after the visit of State President Truong Tan Sang to Singapore in September 2011, when both countries agreed to promote bilateral relations to new heights. Both sides expressed satisfaction on the effective implementation of the framework agreement connecting Vietnam and Singapore in six cooperation areas, as well as the success of the Vietnam - Singapore Industrial Parks (VSIP) in Vietnam. This has attracted more and more interest among Singapore investors and businesses in Vietnam.
VCCI Chairman Vu Tien Loc said that the Vietnam-Singapore Business Forum 2011 is expedited to contribute to the relationship and multifaceted cooperation between Vietnam and Singapore, providing solid connectivity platforms for businesses, and updating investment opportunities in Vietnam and Singapore.
Mr Bobby Liu, Chairman of Singapore Business Association in Vietnam said: "Vietnam is a rapidly growing economy that has created greater opportunities for Singapore businesses. Believing in the long term economic prospects of Vietnam, many Singapore companies have chosen Vietnam to invest in a wide range of fields. This forum once again confirms the interest of the leaders, researchers, and business communities in cooperation and concrete investment between the two countries, particularly in the areas of financial services and banking, executive education, real estate and property management services, as well as manufacturing and supply chain management.
On the first day of the forum, leaders of the ministries, economic experts and Vietnam and Singapore entrepreneurs will update the macroeconomic situation and investment environment in Vietnam. Participants will look forward to hearing about more practical opportunities and challenges of doing business in Singapore and Vietnam.
The second day of the forum will focus on intensive discussion of four key topics including: Finance and Banking, Real Estate and Property Management Services, Executive Education as well as Manufacturing and Supply Chain Management. The participants will discuss each topic in separate breakout sessions to allow for more comprehensive and practicable discussion.
On the third day, the participants will have the opportunity to explore real investment opportunities in Bac Ninh (30 kilometres from Hanoi), which has significantly developed their infrastructure to promote manufacturing in recent years. Here, Singapore and Vietnam investors will be demonstrated by provincial leaders about the potential and investment opportunities in the province, as well as participate in discussions. The delegates will visit several industrial zones, urban area of the Kinh Bac Urban Development Corporation, Que Vo Industrial Park, and some other industrial zones, introduced by local authorities.
The forum will also feature exhibition booths by participating enterprises showcasing their achievements, products and services. Participants will have the opportunity to learn and explore cooperation opportunities among enterprises from both countries.
As a business-to-government platform, the VSBF will also allow enterprises the opportunity to contact and communicate with officials of the ministries and agencies of the two countries, to establish new relationships with potential partners and gain access to capital, and search for new business opportunities in Singapore and Vietnam.
Affirming the importance of the VSBF, Dr Doan Duy Khuong, VCCI Vice Chairman, and Co-Chairman of ASEAN BAC Vietnam, emphasized that in the context of ASEAN countries working towards forming the ASEAN economic community by 2015, theconnection between Vietnam and Singapore economies will contribute to balancing the interests of both countries, while further promoting areas of cooperation stipulated under the Framework Agreement in various fields.
T.H
Vietnamese
