09:48 | 02/08/2016 Economy- Society
(VEN) - The Ministry of Industry and Trade’s Overseas Vietnamese Businesspeople Panel, the Vietnam Trade Office in Australia and the Overseas Vietnamese Business Association in Australia jointly held the fourth overseas Vietnamese business forum in the Australian capital of Melbourne in late June, attracting nearly 100 Vietnamese businesses in Australia.
A bridge for Vietnamese goods
Overseas Vietnamese businesses have provided the best support for domestic exporters in terms of market information and consumer shopping habits. Meanwhile, overseas Vietnamese consumers are increasingly interested in Vietnamese goods.
There are more than 300,000 Vietnamese residents in Australia, not to mention Vietnamese students, with the majority of the number residing in Australian states of Victoria and New South Wales. Particularly, some 100,000 Vietnamese reside in Victoria state’s Melbourne. Recognizing the important role of overseas Vietnamese businesses in Vietnamese export promotion, especially in Australia, one of the most Vietnamese populated countries in the world, the Ministry of Industry and Trade held an overseas Vietnamese business forum in Sydney and Melbourne in 2009. The forum was appreciated and several Vietnamese business associations were later formed.
Overseas Vietnamese business forums focused on providing overseas Vietnamese businesses with related legal documents such as Nationality Law, Land Law, Investment Law and Ordinance on Foreign Exchange, as well as information on Vietnam’s trade and international integration.
These forums have helped improve the role of overseas Vietnamese businesses in Vietnamese export promotion. The Vietnam Trade Office in Australia and the Overseas Vietnamese Business Association in Australia jointly held a Buy Vietnamese Goods workshop to promote Vietnamese lychee exports to Australia in 2015, which attracted attention of many overseas Vietnamese businesses in Australia that later sold 32 tonnes of imported Vietnamese lychee to consumers through local outlets at fairly high prices.
The bridge to be consolidated
At the fourth overseas Vietnamese business forum, the Ministry of Industry and Trade’s Overseas Vietnamese Businesspeople Panel represented some future directions including strengthening domestic and overseas Vietnamese business links, industrial investment links and promoting sales of imported Vietnamese goods through local outlets.
The panel also introduced the website http://connectviet.moit.gov.vn/ managed by the Ministry of Industry and Trade to participants in the forum. The website is regarded as a tool to promote domestic and overseas Vietnamese business links via providing foreign investors an investment and business information channel.
The forum also received suggestions and complaints from overseas Vietnamese businesses while doing business in Vietnam.
Deputy Minister of Industry and Trade Nguyen Cam Tu said at the forum that the government and the Ministry of Industry and Trade pledge full support for overseas Vietnamese businesses that are ready to contribute to Vietnam’s socio-economic development.
Vietnamese Ambassador to Australia Luong Thanh Nghi kicked off the Buy Vietnamese Goods Campaign at the forum, calling for Vietnamese in Australia to buy Vietnamese goods to promote domestic production and export, contributing to Vietnam’s socio-economic development.
Australia has become one of Vietnam’s top trade partners. Last year, the Australia-Vietnam bilateral trade value reached US$4.93 billion. The value is expected to increase more after the Trans-Pacific Partnership Agreement takes effect and more tax cuts are implemented.
Many Vietnamese products have entered this demanding market including rice, lychee, seafood, footwear, garments and textiles.