Vietnam encourages OVs to invest in homeland

At the event, Deputy Minister of Industry and Trade Nguyen Cam Tu said the talks introduced participants to Vietnam’s incentives for OVs when doing business in the homeland.

He briefed them on current socio-economic situation, deep and wide integration in recent times and thorough preparations to join new- generation free trade agreements like Trans-Pacific Partnership (TPP).

Ambassador to Australia LuongThanhNghi recalled sound development of friendship and cooperation relations between the two countries over the last 40 years, especially in economics, trade and investment. Vietnam is among top 15 major trade partners of Australia.

The two countries are members of ASEAN-Australia-New Zealand Free Trade Area (AANZFTA), TPP and RCEP.

He said Vietnam Trade Office in Australia has implemented many measures to help Vietnamese businesses promote trade and penetrate Australian retail network.

The Vietnam Business Association in Australia has nearly 300 members and becomes a bridge connecting OV and Australian businesses with their partners in Vietnam. Many workshops, seminars and trade fairs have been held to call on investment into Vietnam.

During the talks, leaders of the Vietnam Ministry of Industry and Trade listened to OVs petitions and desires to devise proper solutions to encourage them to do business at home.