Eighth Vietnam Business Forum in Europe: Building connectivity and sharing information

10:28 | 04/09/2014 Cooperation

(VEN) - * Vietnamese Deputy Minister of Industry and Trade Ho Thi Kim Thoa sent a congratulatory letter to the eighth Vietnam Business Forum in Europe.

* Six ambassadors and trade counselors participated in the forum.

The eighth Vietnam Business Forum in Europe took place on August 23 and 24 in Rome, Italy, organized by the Association of Vietnamese Businesspeople in Italy (ASSEOVI) in coordination with the Vietnamese Embassy and Trade Office in Italy and the Union of Vietnamese Businesses Associations in Europe.

Hoang Manh Hue, a Vietnamese Polish businessperson and Chairman of the Union of Vietnamese Businesses Associations in Europe, said that this was the first time that the forum had taken place in a western European capital and that the forum attracted representatives from more than 300 overseas Vietnamese businesses in Russia, Germany, France, the UK, the Czech Republic, the Ukraine, Bulgaria, Hungary, Turkey and other European countries.

Vietnamese Business Association in Germany Chairman Pham Ngoc Ky said that 95 percent of overseas Vietnamese businesses in Germany became enterprises of necessity as their founders established businesses to make their livelihood. Vietnamese businesses in many European countries in general were established for the same purpose. Despite many difficulties and challenges, many Vietnamese businesses made a profit and gained recognition in European markets. The number of Vietnamese businesses in Europe, with capital of between EUR0.5-1 billion has increased. The fact that entrepreneur Pham Anh Tu is the 65th richest person in Poland is a strong evidence of this.

The economic war between the US and the EU and Russia have been directly affecting many Vietnamese businesses in Europe especially those in the Ukraine. This was a major topic of the forum.

The Vietnam Business Forum in Europe is an important annual event providing orientations for operations of overseas Vietnamese businesses in Europe and Vietnam. The Ministry of Industry and Trade encouraged forum participants to provide investment environment improvement suggestions and share their experiences in overcoming difficulties. The forum was an opportunity for Vietnamese businesses in Europe, domestic enterprises and representatives from ministries, sectors and Vietnamese embassies and trade offices in European countries to share information and work for economic development.

Truong Minh Huong, a successful businessperson in Germany said that Vietnamese businesses in Germany more than 20 years ago suffered from difficulties and losses similar to those that Vietnamese businesses in the Ukraine are currently suffering. She said that she is willing to cooperate with Vietnamese businesses in the Ukraine to help them surmount difficulties and develop.

Representative from a domestic business, Bao Son Group Chairman Nguyen Truong Son said that Bao Son is willing to function as a bridge through which overseas Vietnamese businesses can invest in Vietnam. Vietnam Joint Stock Commercial Bank for Industry and Trade (ViettinBank) Chairman Vu Van Thang told forum participants about the success of the ViettinBank branch that opened in Frankfurt (Germany) in 2011. ViettinBank is thinking of opening a subsidiary in a leading EU country and will provide better assistance for Vietnamese businesses in Germany.

Vietnamese Ambassador to France Duong Chi Dung said that businesses face difficulties in specific periods and markets but difficulties facing businesses in one country could be opportunities for businesses in another country; it is important that businesses share information and work with each other and take opportunities to succeed./.

By Bui Duc Khiem

Theo ven.vn